317 W MARTIN LUTHER KING JR BLVD.
Los Angeles, CA 90037 · APN 5122-045-024
UNITS
2
BUILDING SF
3,315
SF / UNIT
1,658
YEAR BUILT
2016
BEDROOMS
4
BATHROOMS
4
USE · CODE 0200
DUPLEX
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
No market sale detected on this parcel since 2021. The last recorded transfer may have been a refinance, trust move, or family transfer that didn't reset the Prop 13 base.
LIKELY EXEMPT (NEW CONSTRUCTION)
Built 2016, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON W MARTIN LUTHER KING JR BLVD · ZIP 90037
SIMILAR SIZE AND ERA IN 90037
This building sits in South Los Angeles.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 317 W Martin Luther King Jr Blvd rent controlled?
Built 2016, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 317 W Martin Luther King Jr Blvd have?
County records list 2 units at 317 W Martin Luther King Jr Blvd, classified as duplex across 3,315 square feet of building area, averaging about 1,658 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 317 W Martin Luther King Jr Blvd built?
The assessor roll gives a build year of 2016, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 317 W Martin Luther King Jr Blvd last change hands?
The most recent transfer on the roll was recorded July 2016. Not every recorded transfer is a market sale: refinances, trust transfers, and family conveyances all appear in the same field, and those do not reset the assessed value.
What is 317 W Martin Luther King Jr Blvd assessed at, and is that what it is worth?
The current assessed value is $478,818 ($171,615 land, $307,203 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for, and this one has held its base year for roughly 12 years.
What is the South Los Angeles apartment market doing?
317 W Martin Luther King Jr Blvd sits in South Los Angeles, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the South Los Angeles market page for the current figures rather than a number quoted here.
How do I find out what 317 W Martin Luther King Jr Blvd would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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