CA > Los Angeles
Los Angeles, CA 90011,914 E Martin Luther King Jr Blvd
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Los Angeles, CA 90011,914 E Martin Luther King Jr Blvd
Los Angeles, CA 90011,914 E Martin Luther King Jr Blvd
Los Angeles, CA 90011,914 E Martin Luther King Jr Blvd
Los Angeles, CA 90011,914 E Martin Luther King Jr Blvd
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GUIDE SoCal

GUIDE SoCal

$ 915,000
Est. payment /mo
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Pending

914 E Martin Luther King Jr Blvd Los Angeles, CA 90011

6 Beds

5 Baths

2,651 SqFt

UPDATED:

10/08/2024 03:10 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,651 sqft

Price per Sqft $345

MLS Listing ID 24-392759

Bedrooms 6

Year Built 1948

Lot Size 3,329 Sqft

Acres 0.0764

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage Driveway

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

GUIDE SoCal

Broker | License ID: DRE#01976964

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914 E Martin Luther King Jr Blvd