REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Chris Limon, DRE #01182471 • Century 21 A Better Service
$ 1,250,000
Est. payment /mo
Price Dropped by $99K
1234 W Martin Luter King Jr. Los Angeles, CA 90037
6,403 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25216052
Style Contemporary
Year Built 1912
Lot Size 6,403 Sqft
Source California Regional MLS
Property 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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry In Laundry Room, 38
Exterior
Parking Features No Parking
Pool 31, None
View City Lights
Roof Type Composition
Building
Story Three or More Stories
Sewer Sewer Available
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5020016011
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations