1234 W Martin Luther King Blvd #Jr, Los Angeles, CA, 90037
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
Very Walkable
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $275 | $3,300 |
| Property Taxes | $697 | $8,364 |
| Electricity | $2,850 | $34,208 |
| Total | $10,142 | $121,704 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $1,349,000 |
View on Zillow