SOLD 04/23/2024
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Commercial sold for $1,990,000 in 239 days
1861 W Martin Luther King Jr Blvd Los Angeles, CA, 90062
Off the market Other
1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
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Property details
7,404 sqft interior area
Land area
10,007 sqft (0.23 acres)
Address
1861 W Martin Luther King Jr Blvd, Los Angeles, CA, 90062
City of California
Los Angeles
County
Los Angeles
Year Built
1954
District
Listing
Nearby major retailers
Costco
Aldi
T-Mobile
Trader Joe's
Whole Foods Market
Albertsons
Wholesale: 1
Supermarket: 8
Mobile phone: 4
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Interior Features
—
Garage & Parking
Assigned
Appliances
Dryer
Listed by
Jonathan Rawson, Avenue Realty Group
Name
Jonathan Rawson
License number
02010400
Brokerage company
Avenue Realty Group
MLS #
CL23305587
Buyer agent
Name
Jonathan Rawson
Brokerage company
Avenue Realty Group
Payment calculator
Calculate your monthly payments
Mortgage
$6,110
Taxes
$0
HOA dues
$0
Mortgage
$398,000 / 20%
2.28%
30 years
Your amount
$6,110 / month
Lot details
TMK #5035007012
Parcel nr.
5035007012
90062 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90062
45%
Families with children
National average: 39%
37%
Non family households
795,954
Population
$57,747
Average Income
Age & gender
Median age 35 years
More info
Commute types
77% commute by car
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Education level
29% have not graduated education
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Number of employees
1% work in construction
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Vehicles available
38% have 1 vehicle
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Vehicles by gender
38% have 1 vehicle
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Housing market insights for
$989.01k
Neighborhood average
sales price*
sales price*
$836.85k
Neighborhood median
sales price*
sales price*
583
Number
of sales*
of sales*
Housing type
38% are single detacheds
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Rooms
40% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
67% are renters
More info
15.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 23, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 23, 2024 | Sold | $1,990,000 | 0 | Public Record |
| Apr 23, 2024 | Price Decrease | $1,990,000 -13.29% | 0 | MLS #CL23305587 |
| Oct 24, 2023 | Unavailable | $2,295,000 | 0 | MLS #CL23305587 |
| Oct 15, 2023 | Pending | $2,295,000 | 0 | MLS #CL23305587 |
| Aug 29, 2023 | New Listing | $2,295,000 | 0 | MLS #CL23305587 |
Taxes of 1861 W Martin Luther King Jr Blvd, Los Angeles, CA, 90062
LARD zoning / MLS #CL23305587
Zoning
LARD
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Frequently Asked Questions about 1861 W Martin Luther King Jr Blvd
What is 1861 W Martin Luther King Jr Blvd?
1861 W Martin Luther King Jr Blvd is a Commercial/Industrial propertywith 7,404 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1861 W Martin Luther King Jr Blvd, Los Angeles, CA, 90062.
What comparable properties are nearby?
Comparable nearby commercial properties include 1901 W Martin Luther King Jr Blvd, 4351 S Western Ave, 3008 Stocker St, 5022 S Western Ave, 2216 W Jefferson Blvd, 2115 W Jefferson Blvd.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 23, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Food 4 Less, 1.01 miles away and Right Choice Caribbean Market, 1.3 miles away.
The 90062 zip area has a population of 795,954, and 45% of the families have children. The median age is 35.53 years and 77% commute by car. The most popular housing type is "single detached" and 67% is renter.
