914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011 - View 1
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914 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale Price: $825,000
May 16, 20242,651 sqft6 beds5 baths
Listed by: Casey Lins
License #: 01902650
Phone #: 714-333-6768
Kidder Mathews of California, Inc.
Source:
CRMLS Logo
MLS #: 24392759

Property Description

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$9,510

TurboHome Estimated Value

$774,500

$292 sqft

High Valuation
$813,225
$307/sqft
Normal Valuation
$774,500
$292/sqft
Low Valuation
$735,775
$278/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$292/sqft$774,500

Neighborhood: Southeast Los Angeles

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Comparative Value

$675K

$725K

$770K

$825K

$900K

$915K

151 W 52nd St, Los Angeles, CA 90037

Sale Price: $675,000

Selected Comparable

11813 S Main St, Los Angeles, CA 90061

Sale Price: $725,000

Selected Comparable

7510 Avalon Blvd, Los Angeles, CA 90003

Sale Price: $770,000

Selected Comparable

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

Sale Price: $825,000

Selected Comparable

148 W 97th St, Los Angeles, CA 90003

Sale Price: $900,000

Selected Comparable

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

List Price: $915,000

Subject Property

Neighborhood Comps

Subject Property

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

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

List: $915,000

Listed: 5/16/2024

Area:2,651 sqft
Price/sqft:$345
Beds:6
Baths:5
Year Built:
Lot Size:3,329

Comparable Properties

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

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

Sale: $825,000

10/17/20240.00 mi

Area:2,651 sqft
Price/sqft:$311
Beds:6
Baths:5
Year Built:
Weight:23.5%
148 W 97th St, Los Angeles, CA 90003

148 W 97th St, Los Angeles, CA 90003

Sale: $900,000

7/15/20254.42 mi

Area:2,520 sqft
Price/sqft:$357
Beds:6
Baths:5
Year Built:
Weight:21.2%
151 W 52nd St, Los Angeles, CA 90037

151 W 52nd St, Los Angeles, CA 90037

Sale: $675,000

12/29/20241.38 mi

Area:2,722 sqft
Price/sqft:$248
Beds:6
Baths:5
Year Built:
Weight:20.7%
7510 Avalon Blvd, Los Angeles, CA 90003

7510 Avalon Blvd, Los Angeles, CA 90003

Sale: $770,000

7/31/20252.70 mi

Area:2,436 sqft
Price/sqft:$316
Beds:6
Baths:4
Year Built:
Weight:18.8%
11813 S Main St, Los Angeles, CA 90061

11813 S Main St, Los Angeles, CA 90061

Sale: $725,000

2/28/20255.89 mi

Area:2,552 sqft
Price/sqft:$284
Beds:5
Baths:5
Year Built:
Weight:15.8%

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