914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
914 E Martin Luther King Jr BLVD, Los Angeles, CA 90011
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Gatehouse Properties

Gatehouse Properties

+1(714) 743-9882
$ 1,285,000
Est. payment | /mo

9 Beds

5 Baths

2,651 SqFt

Save
$ 1,285,000
Est. payment | /mo
Save

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!), with 2 UNITS DELIVERED VACANT (both 2-bedrooms)! 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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

NEARBY SCHOOLS & PROPERTIES

Gatehouse Properties

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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914 E Martin Luther King Jr BLVD

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