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$1,285,000

Est. payment - /mo

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9 Beds

5 Baths

2,651 SqFt

New

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

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,651 sqft

Price per Sqft $484

MLS Listing ID 26827119

Bedrooms 9

Year Built 1948

Lot Size 3,329 Sqft

Acres 0.0764

Property Sub-Type Multi-Family

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!), and 1 one-bedroom unit and 1 two-bedroom units will be delivered renovated and vacant! 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 Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Driveway

Garage Spaces 3.0

Building

Lot Description Single Lot

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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