914 E Martin Luther King Jr Boulevard Los Angeles, CA 90011
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID Number24392759
- Home Size Source Other
- Year Built1948
- Lot Size0.0764 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Driveway
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.0764
- Zoning LARD1.5
- Listing Conditions Standard
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.