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844 W Martin Luther King Jr Blvd
Los Angeles, CA 90037 Vermont Harbor

$3,300,000 USD

Apartments For Sale  •  14,390 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,390 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1924
  • Cap Rate 7.39 %
  • Zoning R3, Los Angeles
73 Transit Score
88 Walk Score

Highlights

Opportunity to Buy 24 Units Near USC
Offered at a 7.39% CAP Rate
Electrical Panels Recently Replaced
Across the Street from the LA Coliseum
Priced at a 7.78 Gross Rent Multiplier

Financial Summary (Actual)

Net Operating Income: $243,882 USD (2024)
Cap Rate: 7.39 %
Total Expenses: $176,227 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Laundry Facilities
  • Security System
  • Tenant Controlled HVAC
  • Kitchen
  • Hardwood Floors
  • Sprinkler System
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 6.0 mi
Transit/SubwayDriveWalkDistance
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 14.7 mi
Long Beach (Daugherty Field) 28 min - 19.8 mi
Bob Hope 31 min - 21.0 mi
Andres Diaz 323-376-2469 KW Commercial
Andres Diaz 323-376-2469 KW Commercial