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$ 1,285,000
Est. payment | /mo
9 Beds
5 Baths
2,651 SqFt
$ 1,285,000
Est. payment | /mo
9 Beds
5 Baths
2,651 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,651 sqft
Price per Sqft $484
MLS Listing ID 26827119
Bedrooms 9
HOA Y/N No
Year Built 1948
Lot Size 3,327 Sqft
Property Description
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!), and 1 one-bedroom unit and 1 two-bedroom units will be delivered renovated and vacant! 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5114012012
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
Nearby Locations
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4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States