1307 W Martin Luther King Jr Blvd · Los Angeles, CA 90037

$899,000

20 bd · 16.0 ba · 4,352 sqft · MultiFamily · 137 Days on market

Built 1921 Fair condition 7,875 sqft lot $207/sqft · 14% below area Est $1044k · 14% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.3/30.0
• ARV discount +13.7/15.0
• DSCR +6.4/10.0
• 1% rule +5.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.9/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Come take a look at this quadruplex fixer opportunity offering strong investment potential. The property consists of four units. One unit is a 2-bedroom, 1-bath that has been viewed and features a spacious kitchen with ample cabinet space and an open counter opening to the living area, along with a small bonus walk-in room off the kitchen, suitable for a pantry, office, or storage use. Per Seller, the remaining three 1-bedroom 1-bath units also include a bonus room; however, these units have not been viewed. Buyer to verify all information.

Key facts

• Spacious kitchen
• Open counter
• Ample cabinet space

Tags

• SPACIOUS KITCHEN
• AMPLE CABINET SPACE
• OPEN COUNTER
• BONUS WALK-IN ROOM

What this means for you Summary

Snapshot

• This is a 1×2bd/1ba + 3×1bd/1ba units multifamily listed at $899k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $287/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $899k).
• Recommended offer: $791k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.7%/yr); 99 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $9,318/mo this rent would consume 194% of the median local household income ($58k/yr) (locally 4200% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $27k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($791k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y ago; this cycle's ask is 907981% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $325k; list at $899k implies a 177% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $791,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 7.83%
• Cash-on-cash: 5.47%
• DSCR: 1.24
• GRM: 8.0

CMA / ARV

• ARV (median comp): $1,043,556
• List price: $899,000
• Delta: -13.85%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.69% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.66×
• Total profit: $-84,516
• Equity at exit: $134,044

10-year hold

• IRR: -1.7%
• Equity multiple: 0.89×
• Total profit: $-27,295
• Equity at exit: $77,729

Cash invested: $251,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90037

• Rents YoY: 1.7%
• Active inventory: 99
• Price-to-rent: 26.9×

Monthly cashflow live

• Estimated rent: $9,318 high
• Mortgage (P&I): −$4,714
• Tax est. 1.5%: −$1,124 /mo · $13,485/yr
• Insurance: −$375
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,957
• Net cashflow: $1,148

Break-even live

Break-even rent $7,864

Max offer price $899,000

Occupancy floor 83%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$2,784
▸ 3× units	1	1	$6,534
Total (4 units)			$9,318

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1150 W 38th St Los Angeles, CA	3.0–19.0	3.0–18.5	4527	$24,000	$5.30	1d	9	0.43mi

Listing history 32 events

1. 2026-06-18
   days on market $899,000 Active 137 DOM
2. 2026-06-17
   days on market $899,000 Active 136 DOM
3. 2026-06-16
   days on market $899,000 Active 135 DOM
4. 2026-06-15
   days on market $899,000 Active 134 DOM
5. 2026-06-13
   days on market $899,000 Active 132 DOM
6. 2026-06-09
   days on market $899,000 Active 128 DOM
7. 2026-06-08
   days on market $899,000 Active 127 DOM
8. 2026-06-07
   days on market $899,000 Active 126 DOM
9. 2026-06-04
   days on market $899,000 Active 123 DOM
10. 2026-06-03
    days on market $899,000 Active 122 DOM
11. 2026-06-02
    days on market $899,000 Active 121 DOM
12. 2026-06-01
    days on market $899,000 Active 120 DOM
13. 2026-05-31
    days on market $899,000 Active 119 DOM
14. 2026-05-13
    price $899,000 547-char remark

    Show marketing remark (547 chars)

    Come take a look at this quadruplex fixer opportunity offering strong investment potential. The property consists of four units. One unit is a 2-bedroom, 1-bath that has been viewed and features a spacious kitchen with ample cabinet space and an open counter opening to the living area, along with a small bonus walk-in room off the kitchen, suitable for a pantry, office, or storage use. Per Seller, the remaining three 1-bedroom 1-bath units also include a bonus room; however, these units have not been viewed. Buyer to verify all information.

15. 2026-02-01
    price $999,000 547-char remark

    Show marketing remark (547 chars)

    Come take a look at this quadruplex fixer opportunity offering strong investment potential. The property consists of four units. One unit is a 2-bedroom, 1-bath that has been viewed and features a spacious kitchen with ample cabinet space and an open counter opening to the living area, along with a small bonus walk-in room off the kitchen, suitable for a pantry, office, or storage use. Per Seller, the remaining three 1-bedroom 1-bath units also include a bonus room; however, these units have not been viewed. Buyer to verify all information.

16. 2026-02-01
    listed $99 Active 547-char remark

    Show marketing remark (547 chars)

    Come take a look at this quadruplex fixer opportunity offering strong investment potential. The property consists of four units. One unit is a 2-bedroom, 1-bath that has been viewed and features a spacious kitchen with ample cabinet space and an open counter opening to the living area, along with a small bonus walk-in room off the kitchen, suitable for a pantry, office, or storage use. Per Seller, the remaining three 1-bedroom 1-bath units also include a bonus room; however, these units have not been viewed. Buyer to verify all information.

17. 2025-12-25
    historical
18. 2025-09-26
    listed $1,020,000 Active
19. 2025-03-06
    price
20. 2025-02-10
    listed Active
21. 2021-05-14
    historical
22. 2021-03-19
    listed $1,199,000 Active
23. 2010-06-15
    soldstatus $325,000 Closed
24. 2010-05-04
    status Pending
25. 2010-04-13
    status Backup Offers Accepted
26. 2010-04-01
    historical
27. 2010-02-10
    listed $325,000 Active
28. 2009-06-25
    listed $399,999
29. 2009-02-27
    historical
30. 2009-02-27
    historical
31. 2009-02-26
    listed $450,000
32. 2008-11-05
    listed $490,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥88°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $111,816
• − Mortgage interest: −$50,358
• − Property taxes: −$13,485
• − Insurance: −$4,495
• − Repairs & maintenance: −$8,945
• − Management: −$8,945
• − Depreciation: −$26,153
• Taxable loss: −$565
• Est. tax savings @ 24.0%: +$136
• After-tax cash flow: $13,917/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 5 photos

Fair 45/100 Moderate rehab

This quadruplex fixer opportunity offers strong investment potential. The property consists of four units, with one unit featuring a spacious kitchen and a bonus walk-in room. The home is in fair condition with some minor repairs and maintenance needed, particularly in the landscaping and exterior painting.

Repairs flagged

• Minor Landscaping — The landscaping is minimal and could be improved with some additional plants and landscaping.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Improving the landscaping and curb appeal can enhance the home's visual appeal and potentially increase its value for both resale and rental.
• Both Paint exterior walls — Painting the exterior walls can improve the home's curb appeal and potentially increase its value for both resale and rental.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · The landscaping is minimal and could be improved with some additional plants and landscaping.	Minor	$500–3,000
Total estimated repair cost · 1 items		$500–3,000

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Improving the landscaping and curb appeal can enhance the home's visual appeal and potentially increase its value for both resale and rental. ↑
• Both Paint exterior walls — Painting the exterior walls can improve the home's curb appeal and potentially increase its value for both resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 65,482
• Household income: $57,622
• Rent vs Own: 77.3% rent · 22.7% own
• Severe rent burden: 4200.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 15% Black 15% Native American 3% White 2% Asian 1%
• Hispanic origin (detail): Mexican 43%
• Common ancestry: British 1%
• Foreign-born: 44% · Canada, South Korea
• Languages at home: 23% English-only · Spanish 74% Korean 1% French/Haitian/Cajun 1%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -639.09%
• Current HPI: 467.0371
• Rent YoY: ▲ 1.69%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+83.5% since first listed

19 events — show timeline

• 2026-05-13 Price Changed $899,000 CRMLS
• 2026-02-01 Price Changed $999,000 CRMLS
• 2026-02-01 Listed $99 CRMLS
• 2025-12-25 Listing Removed — CRMLS
• 2025-09-26 Listed $1,020,000 CRMLS
• 2025-03-06 Price Changed — TheMLS
• 2025-02-10 Listed — TheMLS
• 2021-05-14 Listing Removed — CRMLS
• 2021-03-19 Listed $1,199,000 CRMLS
• 2010-06-15 Sold (MLS) $325,000 CRMLS
• 2010-05-04 Pending — CRMLS
• 2010-04-13 Pending — CRMLS
• 2010-04-01 Listing Removed — CRMLS
• 2010-02-10 Listed $325,000 CRMLS
• 2009-06-25 Listed $399,999 CRMLS
• 2009-02-27 Listing Removed — CRMLS
• 2009-02-27 Listing Removed — CRMLS
• 2009-02-26 Listed $450,000 CRMLS
• 2008-11-05 Listed $490,000 CRMLS