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

$825,000

Est. payment /mo

$915,000

9.8%
Est.Price: ?

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

6 Beds

5 Baths

2,651 SqFt

SOLD DATE : 10/17/2024

Key Details

Sold Price $825,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,651 sqft

Price per Sqft $311

MLS Listing ID 24392759

Sold Date 10/17/24

Bedrooms 6

HOA Y/N No

Year Built 1948

Lot Size 3,327 Sqft

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 C42 - Downtown L.A.

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114012012

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
Bought with Omid Shokoufandeh • SHK Realty
agent

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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