1311 W Martin Luther King Jr Boulevard

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1949
Living area: 5,564 sq ft
Lot size: 7,876 sq ft
Parking: 8 spaces
Stories: 2
Days on market: 8
MLS status: Active
Zoning: LAR3

Features & Amenities

Parking

Electric Gate

Community, Schools & Utilities

Utilities

Heating: Central
Cooling: None

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Location & Neighborhood

Los Angeles, CA 90037

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Frequently Asked Questions About 1311 W Martin Luther King Jr Boulevard

Property type: Residential Income

The current asking price is $2,095,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1311 W Martin Luther King Jr Boulevard. Our team will confirm availability and timing.

This 14 bedrooms and 8 bathrooms property offers approximately 5,564 square feet of living space. It was built in 1949. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.