Five-Unit Income Residential
For Sale
$1,049,000
158 W Martin Luther King Jr, Los Angeles, CA 90037
Two-building multifamily on one lot with fully occupied units and individual gas and electric meters.
Property Size3,723 SF
Days on Market85
Property Features for 158 W Martin Luther King Jr
General Information
Standard status
Active
Size
3,723 SF
Property subtype
Apartment
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
5
Building Details
Building Size
3,723 SF
Year Built
1914
Tenancy
Multi
Listing Agency:
New Star Realty & Inv.
Listed By:
Anna Yang · License #01406211
(909) 282-7307
Source:
Jademillsestates
Added: Jun 17
Changed: Sep 8
Last Checked: Sep 8 at 7:23AM
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.
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 = 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
$55,286
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
5.27%
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%
$1,105,720
$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
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
$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 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%
$1,105,720
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 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,116 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $1,049,000.
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
