1583 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE UNDER CONTRACT$569,000
1583 E Martin Luther King Jr Boulevard, Los Angeles, California 90011
2Beds
1Bath
1,144Sqft
5,142Lot
Year Built
1906
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25145259
Home ConditionPoor
Features
Patio
ViewCity Lights,Neighborhood
About this home
Step into this inviting rental property, perfectly situated in a vibrant neighborhood, just moments away from downtown Los Angeles with local amenities, parks, and public transportation. This property not only boasts a prime location but also offers substantial potential for income generation and the opportunity to be part of a thriving community. With its strategic location and well-maintained condition, this property presents an excellent investment opportunity for both novice and experienced investors.
Nearby schools
4/10
Nevin Avenue Elementary School
Public,•K-5•0.1mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.5mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.8mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.0mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.1mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.2mi
2/10
Aurora Elementary School
Public,•K-5•1.2mi
5/10
Lillian Street Elementary School
Public,•K-6•1.7mi
5/10
Pacific Boulevard School
Public,•K-5•1.9mi
5/10
Estrella Elementary School
Public,•K-5•2.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
6/10
Vernon City Elementary School
Public,•K-7•1.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.0mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.3mi
5/10
Santee Education Complex
Public,•9-12•1.5mi
4/10
Huntington Park Senior High School
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
06/28/25
Listing
$569,000
05/01/01
Sold
$15,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (31 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 38% |
| Baths | 1 | 2 | 47% |
| Square foot | 1,144 | 1,196 | 44% |
| Lot Size | 5,142 | 5,149 | 50% |
| Price | $569K | $550K | 53% |
| Price per square foot | $497 | $505 | 50% |
| Built year | 1906 | 9550956 | 34% |
| HOA | |||
| Days on market | 130 | 194 | 19% |
Condition Rating
Poor
Built in 1906, this property shows significant age and a lack of modern updates. The bathroom features an exposed bulb light fixture, outdated vanity, and older tiles, indicating a need for substantial renovation. While the exterior is painted, the interior, including visible flooring and light fixtures, appears very dated. The backyard contains makeshift structures, further suggesting a lack of proper maintenance and potential issues. The property requires substantial repairs and rehabilitation to meet current living standards, especially in the kitchen (no images, but assumed consistent with the bathroom) and bathroom.
Pros & Cons
Pros
Strategic Urban Location: Perfectly situated in a vibrant neighborhood, just moments away from downtown Los Angeles, offering excellent access to local amenities, parks, and public transportation.
Strong Investment Potential: Explicitly highlighted as an excellent investment opportunity with substantial potential for income generation, appealing to both novice and experienced investors.
Well-Maintained Condition: Described as being in a well-maintained condition, suggesting readiness for occupancy or rental without immediate major repairs.
Desirable Views: Offers pleasant City Lights and Neighborhood views, enhancing the living experience and aesthetic appeal.
Proximity to Quality Schools: Located near several schools, including highly-rated elementary and preparatory academies, making it attractive for families.
Cons
Historic Property Age: Built in 1906, the property's age may imply potential for outdated infrastructure (e.g., plumbing, electrical) and higher long-term maintenance costs, despite current 'well-maintained' status.
Limited Configuration: With only 2 bedrooms and 1 bathroom, the property's size and layout may limit its appeal to larger families or those seeking more extensive living spaces.
Potential Overvaluation: The current listing price is approximately 9% higher than the property's estimated value, which could indicate it is priced above market expectations.