914 E Martin Luther King Jr Blvd, Los Angeles, CA, 90011
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Property Details
9
5
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 9 • Bathrooms: 5 • Square Feet: 2651 • Lot/Size: 3,329 sqft lot
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 uni
Location
Address
914 E Martin Luther King Jr Blvd, Los Angeles, CA, 90011
City
Los Angeles
Features and Finishes
Year Built: 1948; [object Object]; [object Object]; [object Object]
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