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1234 W Martin Luter King Jr. , Los Angeles, CA 90037
$1,250,000
Est. Payment: $6,289.80/mo
3 Bed
3 Bath
13294 Sqft
Status: active | Days on site: 269
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

Development Opportunity in Prime Los Angeles – RTI for 17 Units! Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project. RTI – Save time and money Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more. Ideal for multifamily development Strong rental demand in surrounding area Convenient access to transit, shops, dining, and more Prime area near USC, Lucas Museum of Narrative Art, BMO Stadium Whether you're expanding your portfolio or breaking ground on your next signature project, this property offers the kind of entitlements and location that make for a winning investment. Now is a Single Family residence with 3 bed and 2 bath.
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Highlights

Listed by Chris Limon , 562-644-9834 Century 21 A Better Service , 562-806-1000. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.15

Year Built

1912

County

Los Angeles

Area

C34 - Los Angeles Southwest

Listing ID

DW25216052

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Laminate,Tile
Other:Multiple Staircases,Open Floorplan,Quartz Counters,Recessed Lighting
Other:Public

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Garage Capacity:0
Zoning:LAR3
Roof:Composition
Others:Lighting,Rain Gutters,2+ Total Units
Sewer:Public Sewer,Sewer Tap Paid
Principal Interest
$6,290
Taxes
$797

Home Price

$1,250,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$250,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,289.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,289.80 $796.88 $0.00 $7,086.68
Yearly $75,477.63 $9,562.50 $0.00 $85,040.13
Total $2,264,328.86 $286,875.00 $0.00 $2,551,203.86

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T10:35:52.000Z

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