914 E Martin Luther King Jr Boulevard, Los Angeles, CA 90011
Property · 2 recorded sales since 2018
Sold October 2024
Listing Agent: Casey Lins (DRE #01902650) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Omid Shokoufandeh · SHK Realty · MLS #24392759 · Source: CRMLS
About this property
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.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history
