Four-Unit Residential
For Sale
$899,000
1307 W Martin Luther King Jr BLVD, Los Angeles, CA 90037
Quadruplex with four units, including one 2-bedroom layout, offering upside for buyers ready to renovate and reconfigure.
Property Size4,352 SF
Days on Market190
Property Features for 1307 W Martin Luther King Jr BLVD
General Information
Standard status
Active
Size
4,352 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
4
Building Details
Building Size
4,352 SF
Year Built
1921
Listing Agency:
Century 21 Coastal Properties
Listed By:
Mary Paul · License #01274665
Source:
Milsteinestates
Added: Feb 1
Changed: Aug 8
Last Checked: Aug 9 at 12:01PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 8.09%
Second Best
Apartment 5plus
$923.2K
$807.8K – $1.08M
NOI $64,626 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,369 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,004
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $899,000.
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
