We are pleased to present 914 E Martin Luther King Jr Blvd, a 5-unit multi-family building currently operating at a 10.31 GRM on current rents, with upside to operate at a 6.63 GRM on pro-forma rents. The property consists of 4 one-bedroom units (one of which is a brand new ADU!), and 1 two-bedroom unit. The main structure contains 4 of the units and the rear structure is a stand-alone new construction ADU, currently 100% occupied. 914 E Martin Luther King Jr Blvd is located 10 minutes from Downtown Los Angeles, providing tenants close proximity to numerous employment opportunities, and just 3 minutes away from the closest large-chain grocer (Superior Grocers). Priced at just $915,000, the building is priced appropriately to attract various local operators.
Property Details
Price:
$915,000
MLS #:
24392759
Status:
Active Under Contract
Baths:
0
Address:
914 E Martin Luther King Jr Boulevard
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
May 16, 2024
State:
CA
ZIP:
90011
Lot Size:
3,329 sqft / 0.08 acres (approx)
Year Built:
1948
See this Listing
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Schools
Interior
Exterior
Parking Features
Driveway
Parking Spots
4.00
Stories Total
2
Financial
Map
Community
- Address914 E Martin Luther King Jr Boulevard Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Kidder Mathews of California, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.914 E Martin Luther King Jr Boulevard
Los Angeles, CA
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