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2 UNITS VACANT!!! 914 E Martin Luther King Jr Blvd 5 Unit Apartment Building $1,285,000 ($257,000/Unit) 7.29% Cap Rate Los Angeles, CA 90011
Executive Summary
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!), with 2 UNITS DELIVERED VACANT (both 2-bedrooms)! 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$93,635
|
$35.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $93,635 |
| Annual Per SF | $35.32 |
Property Facts
| Price | $1,285,000 | Apartment Style | Low-Rise |
| Price Per Unit | $257,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.29% | Building Size | 2,651 SF |
| Gross Rent Multiplier | 9.87 | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $1,285,000 |
| Price Per Unit | $257,000 |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| Gross Rent Multiplier | 9.87 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,651 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5114-012-012 | Improvements Assessment | $220,000 |
| Land Assessment | $605,000 | Total Assessment | $825,000 |
Property Taxes
Parcel Number
5114-012-012
Land Assessment
$605,000
Improvements Assessment
$220,000
Total Assessment
$825,000
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2 UNITS VACANT!!! | 914 E Martin Luther King Jr Blvd
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