914 E Martin Luther King Jr Boulevard Los Angeles, CA ^$ 915,000

914 E Martin Luther King Jr Boulevard

^$ 915,000

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914 E Martin Luther King Jr Boulevard

Los Angeles, CA, 90011

^$ 915,000

Bedrooms6 Baths5.0 Sq 2,651

Monthly Estimate*

^$ 6,081

Listed by Kidder Mathews of California, Inc.

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 1

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 2

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 3

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 4

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 5

914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011 - Image 6

Multi-Family Home for sale in Los Angeles, CA

for $915,000 with 6 bedrooms and 5 full baths. This 2,651 square foot home was built in 1948 on a lot size of 0.0764.

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.

Multi-Family Active

Price

^$ 915,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0764

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24392759

Days on Market

Features

General

Zoning LARD1.5

Year Built 1948

Stories 2

Levels Two

Gross Income 88746.0

County Los Angeles

Net Operating Income 52142.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Google Maps: 914 E Martin Luther King Blvd. Los Angeles CA 90011

City Los Angeles

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 5

MLS Area C42 - Downtown L.A.

Lot Size Units SquareFeet

Lot Size Square Feet 3329.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 5.7

Exterior

Parking Features Driveway

Total Parking 4.0

Lot Size Area 3329.0

Number of Buildings 5

Spa N

Building Area Total 2651.0

Lot Size Acres 0.0764

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 6

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 914

* Excluded Features

List By

Kidder Mathews Of California, Inc.

Broker

(714) 333-6768

Phone

Affordability Calculator

$6,081

Per Month

Monthly Principal & Interest: $6,081
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,994,730

Percent of Sale Price 118%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$915,000		Listed Price

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914 E Martin Luther King Jr Boulevard, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $915,000 with 2,651 sqft and a lot size of 0.0764. 914 E Martin Luther King Jr Boulevard has 6 bedrooms, 5.0 baths, and was built in 1948. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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914 E Martin Luther King Jr Boulevard

Multi-Family Home for sale in Los Angeles, CA

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