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914 E Martin Luther King Jr BLVD Los Angeles, CA 90011
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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
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 C42 - Downtown L.A.
Zoning LARD1.5
Interior
Fireplace No
Exterior
Garage Driveway
Parking Type 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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Bought with Omid Shokoufandeh • SHK Realty
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