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1234 W Martin Luther King Blvd #Jr, Los Angeles, CA, 90037

23beds
23baths
13,294sqft
$1,349,000
$101price/sqft
$10,721/moest. monthly cost
$428,840/yrincome needed

About This Home

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.

Getting Around

75
WalkingVery Walkable
67
TransitGood Transit
66
BikeBikeable

Schools

Construction

Condition

  • Year built: 1912

Materials

  • Roof: Composition

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Mixed Use

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup,Laundry Room

Bedroom

  • Features: Multi-Level Bedroom

Bedrooms & Bathrooms

  • Bedrooms: 23
  • Bathrooms: 23

Features

  • Multiple Staircases,Open Floorplan,Quartz Counters,Recessed Lighting
  • Door features: Panel Doors
  • Flooring: Laminate,Tile
  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 13,294
  • Total interior livable area: 13,294 sqft

Property

Details

  • Parcel number: 5020016011
  • Zoning: LAR3
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: 1
  • Pool features: None
  • Exterior features: Lighting,Rain Gutters
  • Spa features: None
  • Fencing: See Remarks
  • Has view: Yes
  • View description: City Lights

Lot

  • Lot size: 6,403 sqft
  • Features: 0-1 Unit/Acre

Parking

  • Parking features: None