$ 1,285,000
-
$1,285,000
Price -
9
Bed -
5
Bath -
2,651
SqFt
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About the Listing CLW-X82410 - CLW-C128038,SBCOOKVIN
We are proud to present 914 E Martin Luther King Jr Blvd, a recently repositioned 4-unit + ADU (5-Units Total) multifamily community operating at a 9.87 GRM and 7.29% CAP Rate on actual rents upon lease-up of the 2 VACANT and RENOVATED units, with upside to operate at an 8.50 GRM and an 8.88% CAP Rate at market rents. This opportunity consists of two separate structures with a front 2-story 4-unit building built in 1948 as well as a rear newly constructed, standalone single-story home (ADU) totaling 2,651 rentable square feet situated on a 3,329 square foot LARD1.5 zoned midblock lot with a currently configuration offering uncovered onsite parking. The unit mix consists of 4 two-bedroom units (one of which is a brand new ADU!), with 2 UNITS DELIVERED VACANT (both 2-bedrooms)! 914 E Martin Luther King Jr Blvd is situated 10 minutes from Downtown Los Angeles, Ross Snyder Recreation Center, Gilbert Lindsay Recreation Center and just 3 minutes away from the closest large-chain grocer (Superior Grocers), providing tenants close proximity to numerous employment opportunities and tenant amenities. Contact the listing broker for additional information.
Listing Highlights
Status
Active
Days on Site
35
Property Type
Multi-Family
MLS ®
26827119
Year Built
1948
Total Square Footage
2,651
Lot/Acreage
0.08
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 9
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5114012012
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
914 E Martin Luther King Jr Boulevard Los Angeles, CA 90011
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