1162 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 3 bath
ACTIVE$850,000
1162 E Martin Luther King Jr Boulevard, Los Angeles, California 90011
5Beds
3Baths
2,031Sqft
6,005Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two distinct units (4 bed/2 bath and 3 bed/1 bath), offering significant rental income potential or flexible multi-generational living arrangements.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-03-28. The sold price is $865,000.00.
Compared to the nearby listings
Price:$850.0K vs avg $672.0K (+$178,000)81%
Size:2,031 sqft vs avg 2,029.5 sqft50%
Price/sqft:$419 vs avg $34569%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property features significantly outdated kitchens and bathrooms, likely last renovated 30-50 years ago. The kitchens have older cabinets, laminate countertops, and dated white appliances, while the bathrooms show old tile work, vanities, and fixtures. Although the property appears maintained and livable, the interior finishes, light fixtures, and potential underlying systems (electrical, plumbing, HVAC, as suggested by the property analysis) require substantial rehabilitation and modernization to meet current standards and comfort. The listing itself highlights 'potential for renovation costs' and the need for 'system upgrades'.
Year Built
1947
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$419
HOA
-
Days on market
-
Sold On
-
MLS number
CV24101464
Home ConditionPoor
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
09/29/95
Sold
$169,000
03/28/25
Sold
$865,000
03/31/06
Sold
$555,000
04/04/05
Sold
$400,000
Condition Rating
Poor
Built in 1947, this property features significantly outdated kitchens and bathrooms, likely last renovated 30-50 years ago. The kitchens have older cabinets, laminate countertops, and dated white appliances, while the bathrooms show old tile work, vanities, and fixtures. Although the property appears maintained and livable, the interior finishes, light fixtures, and potential underlying systems (electrical, plumbing, HVAC, as suggested by the property analysis) require substantial rehabilitation and modernization to meet current standards and comfort. The listing itself highlights 'potential for renovation costs' and the need for 'system upgrades'.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct units (4 bed/2 bath and 3 bed/1 bath), offering significant rental income potential or flexible multi-generational living arrangements.
LAR2 Zoning: Designated with LAR2 zoning, this property presents opportunities for future development or expansion, enhancing its long-term investment value.
Paid Solar Panels: Equipped with fully paid-for solar panels, the property benefits from reduced utility costs and improved environmental sustainability, a valuable asset for owners and tenants.
Prime Urban Location: Conveniently located near downtown Los Angeles, schools, parks, and churches, providing excellent accessibility to urban amenities and employment centers.
Spacious Units: The units, particularly the front 4-bedroom unit, are described as spacious, capable of accommodating large households or multiple families comfortably.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-03-28. The sold price is $865,000.00.
Age of Property: Built in 1947, the property is an older construction which may imply a need for significant maintenance, system upgrades (e.g., plumbing, electrical, HVAC), and general modernization.
Potential for Renovation Costs: The description highlights 'potential and opportunities' without detailing recent renovations, suggesting that substantial investment may be required to update the units and maximize rental income or market value.
Location on Major Boulevard: Situated on E Martin Luther King Jr Boulevard, the property may experience increased traffic noise and less residential tranquility compared to properties on quieter streets.