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14 Beds
8 Baths
5,564 sqft

$2,095,000

1311 W Martin Luther King Jr Boulevard, Los Angeles CA, 90037

Price per sqft$376.53
Built in1949
Property size5,564 sqft
Property typeResidential

Overview

Active

Listed Sep 8, 2026

Updated 3 weeks ago

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.

$13,938/mo

Est. mortgage payment based on a $2,095,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26985151

Interior Features

Bedrooms
14
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

55+/Senior Community
No

Listed by Derrick Smith, Coldwell Banker Realty, CA DRE 02019367

Listing Contact: 310-801-1087 

Based on information from the CRISNet MLS as of 9/17/2026, 4:20 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being 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.

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