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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,285,000

Est. payment - /mo

9 Beds

5 Baths

2,651 SqFt

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UPDATED:

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

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Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

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

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information