914 East Martin Luther King Jr Boulevard

Los Angeles, CA 90011

$915,000
Price
6
Beds
5
Baths
2,651 Sq. Ft.
$345 / Sq. Ft.
2,651
Sq. Ft.
$345
per Sq. Ft.

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.
  1. 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 Number
5114012012
Total Units
5.0
Living Area
2651
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
3%
Lot Size Area
3329

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute
LISTING UPDATED: 05/24/2024 12:01 AM

Property Details for 914 East Martin Luther King Jr Boulevard

StatusActive
MLS #24-392759
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.08 AC / 3,329 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$4,994

Property Taxes

$546

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 914 East Martin Luther King Jr Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 5
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,084
  • Net Operating Income: $52,142.00
  • Gross Income: $88,746
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $10.31
  • Actual Annual Gross Rent: $88,746.00
  • Total Annual Expense: 33942
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0764
  • Lot Size Square Feet: 3329
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $606.00
  • Unit Actual Rent: $606.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $762.00
  • Unit Actual Rent: $762.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,751.00
  • Unit Actual Rent: $1,751.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,226.00
  • Unit Actual Rent: $2,226.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $192,996.00
  • Assessed Improvement Percent: 37.5
  • Assessed Land Value: $321,660.00
  • Assessed Land Percent: 62.5
  • Assessed Total Value: $514,656.00

Property History for 914 East Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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914 East Martin Luther King Jr Boulevard is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on May 16, 2024 by Kidder Mathews of California, Inc., it's currently listed at $915,000. It has been on the market for a total of 19 days and was last sold on May 31, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Wadsworth Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 914 East Martin Luther King Jr Boulevard is a 6-bed, 5-bath, 2,651 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.