1515 E Martin Luther King Jr Boulevard
Los Angeles, CA, 90011
$1,018,800
MLS: 26704437
Beds
5
Baths
4
Sq Ft
2,012
Lot
0.12 ac
Year Built
2026
MLS #
26704437
Days on Market
8
Listed
Apr 11, 2026
Description
TWO HOMES ON ONE LOTE** Delivered completely vacant and ready for immediate occupancy or income generation. BONUS SQ FOOTAGE. MUST SEE. This unique property is ideal for end users, multi-generational living, or savvy investors seeking strong rental potential and long-term upside.Each residence offers its own private living space, providing flexibility for a variety of living arrangements. Whether you choose to live in one unit and rent out the other, accommodate extended family, or lease both homes for maximum cash flow, the possibilities are endless.The property is well-suited for today's high-demand rental market, with separate living areas that enhance privacy and tenant appeal. Being delivered vacant gives the new owner the rare advantage of setting market rents from day one or customizing the spaces to their personal preferences.Situated on a single lot, this property combines convenience, functionality, and investment potential in one package. Perfect for those looking to build equity while generating income, or investors seeking a turnkey addition to their portfolio.Don't miss this exceptional opportunity to own a flexible, income-producing property with immediate upside. Extensive parking!
Location
Los Angeles, Los Angeles County, CA 90011
Open on Google Maps ↗Listed by: Barbara Isabel · Keller Williams Beverly Hills
Payment estimate
$7,377
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $101,880 · Loan: $916,920
- Principal & Interest
- $5,634
- Property tax (1.25%)
- $1,061
- Homeowners insurance
- $300
- Mortgage insurance
- $382
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $35,658 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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