$915,000
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914 E Martin Luther King Jr Blvd Los Angeles, CA 90011
6 Beds
5 Baths
2,651 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,651 sqft
Price per Sqft $311
MLS Listing ID 24-392759
Bedrooms 6
Year Built 1948
Lot Size 3,329 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 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
Others
Special Listing Condition Standard
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Bought with SHK Realty