1162 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$850,000
1162 E Martin Luther King Jr Boulevard, Los Angeles, California 90011
5Beds
3Baths
2,031Sqft
6,005Lot
Year Built
1947
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV24101464
Home ConditionFair
Features
Patio
View-
About this home
Welcome to 1162 & 1162 1/2 E. Martin Luther King Jr. Blvd, a unique two-unit property offering abundant potential and opportunities. This promising LAR2 zoning investment property is nestled in the vibrant city of Los Angeles, conveniently located near schools, parks, churches, and downtown Los Angeles. Its prime location enhances its appeal, making it an ideal investment opportunity. The front unit comprises four bedrooms and two baths, while the back unit features three bedrooms and one bath. The spacious front unit accommodates multiple families or a large household comfortably. Additionally, solar panels are included and fully paid for, enhancing the property's sustainability and reducing utility costs.
Nearby schools
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.2mi
2/10
Harmony Elementary School
Public,•K-5•0.4mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.6mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.6mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.7mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.9mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.0mi
2/10
Aurora Elementary School
Public,•K-5•1.1mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.3mi
5/10
Estrella Elementary School
Public,•K-5•1.7mi
5/10
Lillian Street Elementary School
Public,•K-6•1.9mi
5/10
Pacific Boulevard School
Public,•K-5•2.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.4mi
6/10
Vernon City Elementary School
Public,•K-7•1.5mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.0mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.2mi
5/10
Santee Education Complex
Public,•9-12•1.3mi
4/10
Huntington Park Senior High School
Public,•9-12•2.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.9mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.1mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.2mi
Price History
Date
Event
Price
03/28/25
Sold
$865,000
03/31/06
Sold
$555,000
04/04/05
Sold
$400,000
09/29/95
Sold
$169,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 5 | 0 | 13% |
| Baths | 3 | 0 | 8% |
| Square foot | 2,031 | 2,010 | 50% |
| Lot Size | 6,005 | 5,364 | 79% |
| Price | $850K | $710K | 75% |
| Price per square foot | $419 | $348.5 | 67% |
| Built year | 1947 | 9615962 | 79% |
| HOA | |||
| Days on market | 533 | 178 | 96% |
Condition Rating
Fair
The property was built in 1947. The kitchen appears to have been updated with modern appliances and cabinets. However, the bathrooms show signs of age and wear. The overall condition suggests the property has been maintained but requires some updates. The presence of solar panels is a plus.
Pros & Cons
Pros
Income Potential: The property is a duplex (Residential Income) with two units, offering immediate rental income opportunities.
LAR2 Zoning: LAR2 zoning provides potential for future development or expansion, increasing long-term value.
Solar Panels: The inclusion of fully paid solar panels reduces utility costs and enhances the property's sustainability.
Cons
Year Built: Built in 1947, the property may require updates to meet modern standards and preferences.
Potential Renovation: Depending on the buyer's preferences, the property may need renovation to maximize its rental potential or appeal.