$1,895,000
 $10,173 est/mo Sourced by Back At You

1861 W Martin Luther King Jr Boulevard,Los Angeles, CA 90062

Los Angeles, CA 90062

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Description

1861 W Martin Luther King Jr Blvd presents an attractive opportunity to acquire a 12-unit multifamily property in Los Angeles, offered at $1,895,000. The property features a desirable unit mix of (11) 1 Bed/1 Bath units and (1) 2 Bed/1 Bath unit, complemented by 8 on-site parking spaces and a generously sized lot exceeding 10,000 square feet. The property offers strong in-place returns with a 7.56% cap rate and 8.12 GRM, providing investors with an attractive day-one yield and additional upside through future rent optimization. Four units are currently occupied by subsidized tenants, providing a portion of the property's income from government-supported rental programs. Ideally situated in Los Angeles' 90062 submarket, 1861 W Martin Luther King Jr Blvd offers convenient access to major employment centers, retail, transportation, and surrounding neighborhoods. The combination of strong in-place performance, a favorable unit mix, ample parking, and additional rental upside makes this an appealing addition to a multifamily investment portfolio.

Details

MLS #SB26217704
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1954
Days On Site13
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Aaron Jacobson

Features

SQ Feet7,404
Garage8
Story(s)2
Units12
Building(s)1
Acreage0.24

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Suburban, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90062
AreaPHHT Park Hills Heights
Listing VS Median (in 90062)
Price:
$1,895,000
low | high
Med:
$799,000
100% of Average
sqft:
7,404
low | high
Med:
2,246
100% of Average
$ / sqft:
$256
low | high
Med:
$475
35.655636270227% of Average
On site:
13
low | high
Med:
241.5
5.383022774327% of Average
Sourced by Back At You

Market Activity 90062

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90062
AreaPHHT Park Hills Heights
Listing VS Median (in 90062)
Price:
$1,895,000
low | high
Med:
$799,000
100% of Average
sqft:
7,404
low | high
Med:
2,246
100% of Average
$ / sqft:
$256
low | high
Med:
$475
35.655636270227% of Average
On site:
13
low | high
Med:
241.5
5.383022774327% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.421M - $2.368M
sqft: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
2401 W Martin Luther King Jr Property Photo 1
$1,500,000
2401 W Martin Luther King Jr
Los Angeles, CA 90008
Listing Updated: October 6, 2026 at 3:51:07 PM PDT