914 East Martin Luther King Jr Boulevard
914 East Martin Luther King Jr Boulevard
$915,000
6
5
2,651
2,651
$345
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...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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 914 East Martin Luther King Jr Boulevard
Zoning
LARD1.5
Parcel Number5114012012
Total Units5.0
Living Area2651
Source Living AreaOther
AreaDowntown L.A. (C42)
Vacancy Rate3%
Lot Size Area3329
Location
LISTING UPDATED: 05/24/2024 12:01 AM
Property Details for 914 East Martin Luther King Jr Boulevard
Status | Active |
---|---|
MLS # | 24-392759 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.08 AC / 3,329 SF |
County | Los Angeles County |
Location
Building Information for 914 East Martin Luther King Jr Boulevard
Stories2Residences-Year Built1948Building Size-Lot Size0.08 AC / 3,329 SF
Payment Calculator
$5,540 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 914 East Martin Luther King Jr Boulevard
Property History for 914 East Martin Luther King Jr Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 914 East Martin Luther King Jr Boulevard
Taxable ValueLand$321,660Additions$192,996Total$514,656
Tax Record2023$6,549 ($546 / month)
Home Facts
Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtLot Size3,329 SqFtStyleQuadraplexYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN5114-012-012
Schools near 914 East Martin Luther King Jr Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wadsworth Avenue Elementary School PublicK to 5 | ||
Nava College Preparatory Academy Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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