1311 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
1311 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
1311 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
John Matukas

John Matukas

+1(323) 377-4961
$2,095,000
Est. payment /mo
14 Beds
8 Baths
5,564 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,564 sqft

Price per Sqft $376

MLS Listing ID 26985151

Bedrooms 14

Year Built 1949

Lot Size 7,876 Sqft

Acres 0.1808

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling None

Equipment None

Exterior

Parking Features Auto Driveway Gate

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

Read Less Info
TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

John Matukas

John Matukas

+1(323) 377-4961

Dedicated to Your outcome

Dedicated to Your outcome

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from EXP Realty of California, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.