1472-1474 Martin Luther King Jr Blvd, Los Angeles, CA 90062
3,544 SF | Vacant | Retail Building | Los Angeles, CA 90062 | $795,000 ($224/SF)
For Sale
Active
8 pictures
Asking Price $795,000
- Property Type
-
Retail
- Square Feet
- 3,544 SF
- Price / Square Foot
- $224
Listing Contacts
Vaun Lennon
Robert Clifford
Property Overview
Floyd Shaheen of Marcus & Millichap and Vaun Lennon and Robert Clifford of Lee & Associates West LA have been selected to exclusively market for sale 1472 West Martin Luther King Jr Boulevard, a 3,544 square foot, multi-tenant retail storefront, ideally located near USC and BMO Stadium. The large lot consists of 6,757 square feet of land located between Dalton Avenue and Halldale Avenue. The property is within minutes of the 1-billion-dollar Lucas Museum and the 142-acre Exposition Park. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building that includes ample on-site secured parking in an area experiencing extensive growth and development.
1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
Property Details
- Class
- C
- Year Built
- 1921
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- Multi-Tenant Retail | Creative Flex-Space
- Owner/User - SBA Financing
- Current Tenants All On Month to Month Leases
- Exposition Park Neighborhood | Major Development Nearby
- Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
- On-Site Secured Parking
Nearby Properties
Similar Properties
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