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Listed by Jonathan Rawson of Avenue Realty Group
1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**

Property Details of 1861 W Martin Luther King Jr Boulevard

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Based on information submitted to CRMLS as of April 14, 2024 5:50 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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