Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1234 W Marting Luter King Jr. Los Angeles, CA 90037

    For Sale
    $1,349,000

    Commercial/Residential, Contemporary - Los Angeles, CA

    Property size:
    13,294 SF
    Lot size:
    6,403.00 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 1234 W Marting Luter King Jr.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Laundry, Living Room
    Bedrooms
    3
    Bathrooms
    3
    APN
    5020016011
    Parking features
    None
    Interior features
    2 Staircases, Open Floorplan, Quartz Counters, Recessed Lighting, Panel Doors
    Exterior features
    Fence, Community Features Included: Urban, 0-1 Unit/Acre
    Fencing
    Fenced
    Size
    13,294 SF
    Lot size
    6,403.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1912
    Floors in Building
    3
    Number of units
    17
    Flooring type
    Laminate, Tile
    Roof type
    Composition
    Architectural style
    Contemporary

    Century 21 A Better Service Realty (562) 806-1000 [email protected]

    Listing agent Chris Limon (562) 806-1000 License #01182471

    Listing date Sep 12, 2025

    MLS# DW25216052 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    RTI Approved 17-Unit Development

    This Los Angeles property presents a development opportunity with RTI (Ready to Issue) approval for 17 units. The approved plans include 11 units with 1 bedroom and 1 bath, and 6 units with 2 bedrooms and 2 baths, totaling 23 bedrooms and 23 baths. The development is planned as a 4-story building with amenities such as a terrace with views and a community center. Currently, the site is occupied by a single-family residence with 3 beds and 2 baths. The property is situated in a high-demand area of Los Angeles, offering convenient access to transit, shops, and dining. Its location is near USC, the Lucas Museum of Narrative Art, and BMO Stadium. This shovel-ready project is suited for multifamily development, with strong rental demand in the surrounding area. The lot size is approximately 0.146 acres, with a property size of 13294 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.297893
    Latitude
    34.012631

    Nearby Similar for Sale

    • $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex in a desirable Los Angeles location.
      1638 Longwood Ave, Los Angeles, CA 90019
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • $1,700,000
      4,631 SF

      Renovated Multifamily Investment Opportunity

      Fully leased, renovated multifamily property in East LA with high cap rate.
      930 Fraser Ave, Los Angeles, CA 90022
      View Details
    • $2,799,000
      7,961 SF

      Los Angeles Quadruplex New Construction

      Modern 4-unit property in prime Los Angeles location.
      300 E 25Th St, Los Angeles, CA 90011
      View Details
    • $2,395,000
      5,927 SF

      Contemporary Fourplex Near Downtown Los Angeles

      Fourplex with modern amenities, ample parking, and convenient location.
      1348 E Vernon Ave, Los Angeles, CA 90011
      View Details
    • $3,500,000
      4,451 SF

      Remodeled Mixed-Use Property Near Beach

      Remodeled mixed-use property with commercial and residential units near the beach.
      323 Culver Blvd, Playa del Rey, CA 90293
      View Details

    FAQs

    What type of property is this?
    Apartment building - Ready-to-Issue development opportunity in Los Angeles for 17 units.
    Where is this apartment building located?
    The property is located at 1234 W Marting Luter King Jr. Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: - RTI (Ready to Issue) with approved plans for 17 units: Shovel-ready, fast-track multifamily development opportunity.; - Prime Los Angeles location in a high-demand area.; - Approved plans include a mix of 11 one-bedroom/one-bath units and 6 two-bedroom/two-bath units.
    (562) 806-1000
    Request Owner's contact information
    1234 W Marting Luter King Jr. Los Angeles, CA 90037
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1234 W Marting Luter King Jr.
    Los Angeles, CA 90037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1234 W Marting Luter King Jr. Los Angeles, CA 90037
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.