12-Unit Apartment
For Sale
$1,895,000
1861 W Martin Luther King Jr BLVD, Los Angeles, CA 90062
A one- and two-bedroom unit mix is complemented by on-site parking and subsidized tenancy.
Property Size7,404 SF
Price / SF$255.94
Days on Market8
Property Features for 1861 W Martin Luther King Jr BLVD
General Information
Standard status
Active
Size
7,404 SF
Total Parking Spaces
8
Property subtype
Apartment
Financials
Asking Price
$1,895,000
Cap Rate
7.56%
Gross Rent Multiplier
8.12
Units
Unit Mix
11 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
12
Building Details
Building Size
7,404 SF
Year Built
1954
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Aaron Jacobson · License #02100737
(310) 729-1559
Source:
Benbelack
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 1:24PM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
The 12-unit apartment property includes 11 one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Eight parking spaces serve the property, which sits on a lot exceeding 10,000 square feet. Built in 1954, the building has four units occupied by tenants receiving rental subsidies. Reported operating metrics include a 7.56% cap rate and an 8.12 GRM. The property is in Los Angeles, California.
Key Highlights
- 12 units: 11 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit
- 8 on‑site parking spaces
- Lot exceeds 10,000 square feet
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A one- and two-bedroom unit mix is complemented by on-site parking and subsidized tenancy.
Where is this apartment building located?
The property is located at 1861 W Martin Luther King Jr BLVD Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 12 units: 11 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit; 8 on‑site parking spaces; Lot exceeds 10,000 square feet
