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5,564 sqft

$2,095,000

1311 W Martin Luther King Jr Boulevard, Los Angeles CA, 90037

Price per sqft$376.53
Built in1949
Property size5,564 sqft
Property typeOther

Overview

Active

Listed Sep 8, 2026

Updated 2 weeks ago

Smith Realty Collective is pleased to present this incredible cash-flowing 7-unit building just blocks away from the prestigious USC, LA Coliseum, and BMO Stadium. Currently generating an attractive 8.5% CAP rate, this property offers investors immediate cash-flow potential in one of Los Angeles' most dynamic and rapidly evolving areas. Adding to the investment appeal, the property is located within an Opportunity Zone, potentially providing qualifying investors with valuable federal tax benefits, including capital-gains deferral and other potential tax advantages. But the upside doesn't stop there. The sale includes approved Ready-to-Issue (RTI) plans for four additional ADUs at the rear of the property, creating a compelling opportunity to significantly increase the property's unit count, rental income, and overall values. This is the kind of value-add multifamily opportunity sophisticated investors look for: strong in-place cash flow with meaningful potential for future growth. Opportunities combining current income, strategic location, and substantial development upside are increasingly difficult to find. For investors seeking cash flow today and additional upside tomorrow, this property deserves a serious look.

$13,938/mo

Est. mortgage payment based on a $2,095,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26985151

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres
MLS provider logo

Listed by Derrick Smith, with Coldwell Banker Realty
Listing Contact: 310-801-1087 

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