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

$915,000
  • 6 Beds
  • 5 Baths
  • 2,651 Sq.Ft.
Back Up Offer
$915,000 Get Pre-Qualified
Map preview of 914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Property Overview: 914 E Martin Luther King Jr Blvd Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,651 living square feet and 3,329 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 4 minutes ago | Last updated: June 28th, 2024 | Source CRMLS | DOM: 43
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Home details

Lot Sq. Ft
3,329
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24392759
City
Los Angeles
County
Los Angeles
Time on Site
43 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $606
  • Total Rent: $606
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $762
  • Total Rent: $762
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,751
  • Total Rent: $1,751
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,226
  • Total Rent: $2,226
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.7%
  • Gross Rent Multiplier: 10.31
  • Gross Scheduled Income: --
  • Net Operating Income: $52,142
  • Gross Operating Income: $86,084
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 914 E Martin Luther King Jr Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 5
  • Parcel Number: 5114012012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 914 E Martin Luther King Blvd. Los Angeles, CA 90011
View more facts & features

Local Los Angeles Agent

Sale History for 914 E Martin Luther King Jr Blvd

Last sold for $480,000 on July 25th, 2018

  • June, 2024

  • Jun 27, 2024

    Date

    Back Up Offer

    CRMLS: 24392759

    $915,000

    Price

  • May 16, 2024

    Date

    Active

    CRMLS: 24392759

    $915,000

    Price

  • July, 2018

  • Jul 26, 2018

    Date

    Sold

    CRMLS: PW18085275

    $480,000

    Price

  • May 29, 2018

    Date

    Pending

    CRMLS: PW18085275

    $480,000

    Price

  • May 17, 2018

    Date

    Active

    CRMLS: PW18085275

    $480,000

    Price

  • Apr 15, 2018

    Date

    Pending

    CRMLS: PW18085275

    $480,000

    Price

  • Apr 13, 2018

    Date

    Active

    CRMLS: PW18085275

    $480,000

    Price

  • Listing provided courtesy of CRMLS

    one fourplex building with legal 1bed and 1bath with small room like other bedroom each one , 3 electric water heater and one gas , one storage room on rear of the property

  • July, 2018

  • Jul 24, 2018

    Date

    Sold (Public Records)

    Public Records

    $480,000

    Price

  • May, 2013

  • May 8, 2013

    Date

    Sold (Public Records)

    Public Records

    $322,500

    Price

Show More

Tax History for 914 E Martin Luther King Jr Blvd

Assessed Value (2020): $489,600
Year Land Value Improved Value Assessed Value
2020 $306,000 $183,600 $489,600

Home Value Compared to the Market

This property vs the competition

914 E Martin Luther King Jr Blvd is listed 26.74% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $345.15 per/sqft which puts the price per square foot 55.64% lower than the median price per square foot for the city of Los Angeles.

About 914 E Martin Luther King Jr Blvd

Detailed summary of property

914 E Martin Luther King Jr Blvd is a multi family located in Los Angeles, CA 90011 and is currently in escrow to be sold. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 2,651 living square feet, and sits on an approximately 3,329 square foot lot. 914 E Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $915,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 26.74% lower than the median priced home. Local competing homes currently for sale include 1135 E 24th St, 2928 Compton Ave and 1537 E 33rd St. While the average home in Los Angeles, CA is selling in 98 days, 914 E Martin Luther King Jr Blvd has a days on market of 43 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 914 E Martin Luther King Jr Blvd Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 914 E Martin Luther King Jr Blvd

Public county record property details
Beds
4
Baths
4
Year built
1948
Sq. Ft.
2,240
Lot Size
3,328
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5114-012-012

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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