8-Unit Apartment
For Sale
$1,500,000
1127 W Martin Luther King Jr, Los Angeles, CA 90037
Eight-unit property with freeway access near USC and major Los Angeles sports and cultural destinations.
Property Size5,276 SF
Days on Market47
Property Features for 1127 W Martin Luther King Jr
General Information
Standard status
Active
Size
5,276 SF
Property subtype
Investment
Site & Location
Neighborhood
Vermont Square
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
8
Building Details
Building Size
5,276 SF
Year Built
1923
Units
8
Listed By:
Eugena Odeyale
Source:
Elliman
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eugena Odeyale
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Investment Insights
Based on property information with market context.
This apartment property contains eight units and was built in 1923. The asset is located at 1127 W Martin Luther King Jr in Los Angeles, with access to nearby freeways and a setting that supports walking and transit-oriented connectivity.
USC Stadium and the USC campus are within walking distance. Crypto.com Arena, Los Angeles Coliseum, the Lucas Museum, Exposition Park, and BMO Stadium are identified as nearby destinations, with the arena described as a short drive away. The property records a bike score of 81, a walk score of 74, and a transit score of 62.
USC Stadium and the USC campus are within walking distance. Crypto.com Arena, Los Angeles Coliseum, the Lucas Museum, Exposition Park, and BMO Stadium are identified as nearby destinations, with the arena described as a short drive away. The property records a bike score of 81, a walk score of 74, and a transit score of 62.
Key Highlights
- Eight‑unit apartment property
- Built in 1923
- Walking distance to USC Stadium and USC campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,348
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,960
$1.6M
Cap Rate 7%
$1,119,257
$1.1M
Cap Rate 9%
$870,533
$870.5K
Market Conditions
NOI Build-Up for 5,276 SF
Gross rent
$143.5K $27.19/SF
− Vacancy
−$1.0K −$0.19/SF
EGI
$142.5K $27.00/SF
− OpEx
−$64.1K −$12.15/SF
NOI
$78.3K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,960
Cap Rate 7%
$1,119,257
Cap Rate 9%
$870,533
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$979.4K – $1.31M
NOI $78,348 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,713 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit property with freeway access near USC and major Los Angeles sports and cultural destinations.
Where is this apartment building located?
The property is located at 1127 W Martin Luther King Jr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight‑unit apartment property; Built in 1923; Walking distance to USC Stadium and USC campus
