Four-Unit Residential
1307 W Martin Luther King Jr BLVD, Los Angeles, CA 90037
For Sale
$825,000
Quadruplex with four units, including one 2-bedroom layout, offering upside for buyers ready to renovate and reconfigure.
Property Size4,352 SF
Days on Market282
Property Features for 1307 W Martin Luther King Jr BLVD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Coastal Properties
Listed By:
Mary Paul · License CA #01274665
(310) 371-6330
Source:
Milsteinestates
Added: Feb 1
Changed: Nov 9
Last Checked: Nov 8 at 4:40PM
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 Century 21 Coastal Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a four-unit residential fixer opportunity comprising four separate units. One unit is a 2-bedroom, 1-bath layout that has been viewed and features a spacious kitchen with ample cabinet space. The kitchen includes an open counter overlooking the living area, along with a small bonus walk-in room off the kitchen that may support pantry, office, or storage use. Per the seller, the remaining three units are each 1-bedroom, 1-bath and also include a bonus room; those units have not been viewed, and the buyer should verify all information.
The property is offered for sale at 1307 W Martin Luther King Jr BLVD, Los Angeles, CA 90037.
For buyers seeking a hands-on renovation project, the configuration provides a mix of unit sizes within a single fourplex. With one unit’s interior details already observed and the others described by the seller, this asset can fit investors or owner-operators who want to confirm finishes, layouts, and the bonus-room functionality during due diligence before renovation planning.
The property is offered for sale at 1307 W Martin Luther King Jr BLVD, Los Angeles, CA 90037.
For buyers seeking a hands-on renovation project, the configuration provides a mix of unit sizes within a single fourplex. With one unit’s interior details already observed and the others described by the seller, this asset can fit investors or owner-operators who want to confirm finishes, layouts, and the bonus-room functionality during due diligence before renovation planning.
Key Highlights
- Quadruplex built in 1921 with 4 total units
- Unit mix includes one 2‑bedroom, 1‑bath unit plus three 1‑bedroom, 1‑bath units
- 2‑bedroom unit features a spacious kitchen with ample cabinet space and an open counter to the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,711
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,454,220
$1.5M
Cap Rate 7%
$1,038,729
$1.0M
Cap Rate 9%
$807,900
$807.9K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$106.5K $24.48/SF
− Vacancy
−$2.7K −$0.61/SF
EGI
$103.9K $23.87/SF
− OpEx
−$31.2K −$7.16/SF
NOI
$72.7K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,454,220
Cap Rate 7%
$1,038,729
Cap Rate 9%
$807,900
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.9K – $1.21M
NOI $72,711 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$923.2K
$807.8K – $1.08M
NOI $64,626 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,369 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,175
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
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Quadruplex with four units, including one 2-bedroom layout, offering upside for buyers ready to renovate and reconfigure.
Where is this quadplex located?
The property is located at 1307 W Martin Luther King Jr BLVD Los Angeles, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Quadruplex built in 1921 with 4 total units; Unit mix includes one 2‑bedroom, 1‑bath unit plus three 1‑bedroom, 1‑bath units; 2‑bedroom unit features a spacious kitchen with ample cabinet space and an open counter to the living area
