Five-Unit Income Residential
158 W Martin Luther King Jr, Los Angeles, CA 90037
For Sale
$998,000
Two-building multifamily on one lot with fully occupied units and individual gas and electric meters.
Property Size3,723 SF
Days on Market146
Property Features for 158 W Martin Luther King Jr
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
New Star Realty & Inv.
Listed By:
Anna Yang · License CA #01406211
Source:
Jademillsestates
Added: Jun 17
Changed: Oct 31
Last Checked: Nov 8 at 4:12PM
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 New Star Realty & Inv.
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 five-unit income property consists of two separate structures on one lot. The front building includes four 2-bedroom, 1-bath units, while the rear includes a detached 3-bedroom, 1-bath home. All units are fully occupied, providing an existing rental setup for an investor or owner-occupant.
The property is centrally located in Los Angeles near BMO Stadium, the Coliseum, and Downtown. The area is described as offering effortless access to freeways, transit, and shopping.
Unit metering is individually handled with separate gas and electric meters, which can help keep landlord utilities expenses more manageable than shared systems. With a mix of 2-bedroom and 3-bedroom layouts across two buildings, the property may fit operators seeking an income-producing residential portfolio with multiple configurations under one ownership structure.
The property is centrally located in Los Angeles near BMO Stadium, the Coliseum, and Downtown. The area is described as offering effortless access to freeways, transit, and shopping.
Unit metering is individually handled with separate gas and electric meters, which can help keep landlord utilities expenses more manageable than shared systems. With a mix of 2-bedroom and 3-bedroom layouts across two buildings, the property may fit operators seeking an income-producing residential portfolio with multiple configurations under one ownership structure.
Key Highlights
- 5‑unit multifamily on one lot with two separate buildings
- Front building features four 2BR/1BA units
- Rear building is a detached 3BR/1BA home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,286
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,720
$1.1M
Cap Rate 7%
$789,800
$789.8K
Cap Rate 9%
$614,289
$614.3K
Market Conditions
NOI Build-Up for 3,723 SF
Gross rent
$101.2K $27.19/SF
− Vacancy
−$709 −$0.19/SF
EGI
$100.5K $27.00/SF
− OpEx
−$45.2K −$12.15/SF
NOI
$55.3K $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%
$1,105,720
Cap Rate 7%
$789,800
Cap Rate 9%
$614,289
Alternative Uses
Best Use
Apartment 5plus
$789.8K
$691.1K – $921.4K
NOI $55,286 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,116 @ 7.0% cap · market cap 10.23%
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
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,015
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 Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily on one lot with fully occupied units and individual gas and electric meters.
Where is this apartment building located?
The property is located at 158 W Martin Luther King Jr Los Angeles, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 5‑unit multifamily on one lot with two separate buildings; Front building features four 2BR/1BA units; Rear building is a detached 3BR/1BA home
