1234 W Martin Luter King Jr., Los Angeles, CA 90037
- $1,250,000
- List Price
- $1,250,000
- Price Change
- ▼ $99,000 1785571598
- Status
- ACTIVE
- MLS#
- DW25216052
- Year Built
- 1912
- Lot Size
- 6,403
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 270
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
Property Description
Development Opportunity in Prime Los Angeles – RTI for 17 Units! Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project. RTI – Save time and money Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more. Ideal for multifamily development Strong rental demand in surrounding area Convenient access to transit, shops, dining, and more Prime area near USC, Lucas Museum of Narrative Art, BMO Stadium Whether you're expanding your portfolio or breaking ground on your next signature project, this property offers the kind of entitlements and location that make for a winning investment. Now is a Single Family residence with 3 bed and 2 bath.
Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights
- Roof
- Composition
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Interior Features
- Multiple Staircases, Open Floorplan, Quartz Counters, Recessed Lighting
- Attached Structure
- Detached
- Number Of Units Total
- 17
Listing courtesy of Listing Agent: Chris Limon (chris.limon@me.com) from Listing Office: Century 21 A Better Service.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.