$915,000 Price Analysis   ♡   Los Angeles, CA 90011 6 bed 5 bath 2,651 SqFt ($345/SqFt) 3,329SqFt lot. Built 1948 Listed 2024-05-16, Taxes $6,250 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 re nts, with upside to operate at a 6.63 GRM on pro-forma rents. The property consists of 4 one-bedroom units (ne 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 3 minutes away from the closest large-chain grocer (Superior Grocers). Priced at $915, 000, the building is priced appropriately to attract various local operators.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-392759 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 3329
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2200, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2200, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2200, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2200, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 2700
County: Los Angeles
Cap Rate: 5.7
Directions: Google Maps: 914 E Martin Luther King Blvd. Los Angeles, CA 90011
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5114-012-012
Postal Code Plus 4: 2837
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $189,212 + $315,353 $504,565 | $6,250 |
| 2021 | $185,502 + $309,170 $494,672 | $6,166 |
| 2020 | $183,600 + $306,000 $489,600 | $6,224 |
| 2019 | $180,000 + $300,000 $480,000 | $5,985 |
| 2018 | $165,042 + $183,982 $349,024 | $4,456 |
| 2017 | $161,806 + $180,375 $342,181 | $4,360 |
| 2016 | $158,634 + $176,839 $335,473 | $4,243 |
| 2015 | $156,252 + $174,183 $330,435 | $4,183 |
| 2014 | $153,192 + $170,771 $323,963 | $4,221 |
| 2013 | $163,200 + $102,000 $265,200 | $725 |
| 2012 | $413,070 + $193,462 $606,532 | $7,952 |
| 2010 | $404,971 + $189,669 $594,640 | $7,782 |
| 2009 | $402,900 + $188,700 $591,600 | $7,502 |
| 2009 | $401,945 + $188,252 $590,197 | $7,502 |
| 2008 | $395,000 + $185,000 $580,000 | $7,183 |
| 2007 | $410,000 + $170,000 $580,000 | $7,659 |
$915,000
TheMLSCLAW
Listing removed 2021-09-24
$580,000
CSMAR
Listing removed 2020-05-08
$580,000
CRMLSFlex
Sold 2018-07-25
$480,000
CRMLS
Relisted 2018-05-16
$480,000
CRMLS
Listing removed 2018-04-16
$480,000
CRMLS
Listed 2018-04-12
$480,000
CRMLS
Listing removed 2017-03-02
$475,000
CRMLS
Relisted 2016-12-07
$475,000
CRMLS
Listing removed 2016-11-10
$475,000
CRMLS
Price Changed 2016-10-21
$475,000
CRMLS
Listed 2016-10-11
$4,750,000
CRMLS
Sold 2013-05-08
$322,500
ITECH
Listed 2012-07-29
$319,000
ITECH
Sold 2012-05-14
$146,000
Public Record
Listing removed 2008-04-27
$580,000
CRMLSFlex
Listing removed 2008-04-26
$580,000
ITECH
Listing removed 2007-10-01
$649,000
ITECH
Listing removed 2007-09-10
$649,000
ITECH
Listed 2007-08-02
$649,000
ITECH
Listed 2007-07-30
$649,000
ITECH
Listing removed 2007-06-28
$585,000
ITECH
Listed 2007-04-26
$580,000
ITECH
Listed 2007-04-26
$580,000
CRMLSFlex
Sold 2006-10-17
$580,000
Public Record
Listed 2005-08-27
$585,000
ITECH
Listing removed 2005-04-02
$399,500
ITECH
Listed 2004-10-01
$399,500
ITECH
Sold 2004-08-09
$349,500
Public Record
Sold 1996-06-07
$129,500
Public Record
Sold 1986-04-15
$99,500
Public Record
Year Built: 1948
Levels: Two Level
Property Age: 76
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.