Los Angeles, CA 90011 914 E Martin Luther King Jr Blvd
$915,000
1 more
Presented By: Casey Lins with Kidder Mathews of California, Inc.
Beds • 6
Baths • 5
SQFT • 2,651
Home Details
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.
Presented By: Casey Lins with Kidder Mathews of California, Inc.
Interior Features for 914 E Martin Luther King Jr Blvd
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths5
Other Interior Features
LivingAreaSourceOther
Total Stories2
General for 914 E Martin Luther King Jr Blvd
Cap Rate5.7
CityLos Angeles
CountyLos Angeles
Days on Market42
DirectionsGoogle Maps: 914 E Martin Luther King Blvd. Los Angeles, CA 90011
Gross Income88746
HOA / Comm AssnNo
LevelsTwo
Lot Size Square Feet3329
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income52142
New ConstructionNo
NumberOfUnitsTotal5
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive Under Contract
StatusActive Under Contract
Stories2
Year Built1948
ZoningLARD1.5
Exterior for 914 E Martin Luther King Jr Blvd
Building Area Total2651
Lot Size Acres0.0764
Lot Size Area3329
Number of Buildings5
Parking FeaturesDriveway
Total Parking4
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480