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

914 East Martin Luther King Jr Boulevard

^$ 915,000

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914 East Martin Luther King Jr Boulevard

Los Angeles, CA, 90011

^$ 915,000

Studio Baths0.0 Sq 2,651

Monthly Estimate*

^$ 6,081

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

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $915,000. This 2,651 square foot home was built in 1948 on a lot size of 0.08.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.08

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024392759

Features

General

Zoning LARD1.5

Year Built 1948

Levels Two

County Los Angeles

Net Operating Income 52142.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 3329.0

Street Name Martin Luther King Jr

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Driveway

Lot Size Area 3329.0

Building Area Total 2651.0

Lot Size Acres 0.08

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Boulevard

Total Baths 0

* Excluded Features

List By

Casey Lins

Listing Agent

Kidder Mathews Of California, Inc.

Broker

Affordability Calculator

$6,081

Per Month

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

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Yearly Home Insurance

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 ^$1,985,860

Percent of Sale Price 117%

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.

793437 Elementary School

793428 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 East 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 0.08. 914 East Martin Luther King Jr Boulevard is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/24/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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914 East Martin Luther King Jr Boulevard

Multi-Family Home for sale in Los Angeles, CA

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