2618 Martin Luther King Jr Blvd, Los Angeles, CA 90008
941 SF | Vacant | Retail Building | Los Angeles, CA 90008 | $950,000 ($1,010/SF)
For Sale
Active
6 pictures
Asking Price $950,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 941 SF
- Price / Square Foot
- $1,010
Listing Contacts
Casey Lins
Property Overview
SIGNIFICANT PRICE REDUCTION! 2618 W Martin Luther King Jr Boulevard is a well-positioned development opportunity located in Leimert Park, one of the hottest submarkets throughout Los Angeles. The property consists of ±5,908 SF of C2 land, positioned on a corner with alley access in the rear.
The property has approximately ±57’ in width, ±105’ in depth, and a ±20’ alley in the rear to allow for ingress/egress flexibility on a new development. The current improvements, a 941 SF building that was previously a restaurant use, are in need of either demolition or a full rebuild.
Nearby developments include 195 units on Crenshaw Boulevard, the Baldwin Hills Crenshaw Plaza, and various creative offices off of Jefferson Boulevard. With its central location 2.5 miles from USC and just a 2-minute drive from LAX to Crenshaw Metro Rail Line, a new development is expected to be the property’s highest and best use.
Buyers shall rely on their own due diligence to verify the development potential of the property within the City of Los Angeles.
Contact Casey Lins at 714.333.6768 or [email protected] to schedule a walkthrough.
The property has approximately ±57’ in width, ±105’ in depth, and a ±20’ alley in the rear to allow for ingress/egress flexibility on a new development. The current improvements, a 941 SF building that was previously a restaurant use, are in need of either demolition or a full rebuild.
Nearby developments include 195 units on Crenshaw Boulevard, the Baldwin Hills Crenshaw Plaza, and various creative offices off of Jefferson Boulevard. With its central location 2.5 miles from USC and just a 2-minute drive from LAX to Crenshaw Metro Rail Line, a new development is expected to be the property’s highest and best use.
Buyers shall rely on their own due diligence to verify the development potential of the property within the City of Los Angeles.
Contact Casey Lins at 714.333.6768 or [email protected] to schedule a walkthrough.
Property Details
- Class
- C
- Year Built
- 1964
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 6,098 SF
Highlights
- Development Potential: C2 Zoned with potential for 100% Affordable Housing
- Location: Corner property with alley located in Leimert Park
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].