2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008

  • $950,000
  • $1,010
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008
  • Commercial Sale
  • Property Type
  • 1964
  • Year Built
For Sale
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008
  • $950,000
  • $1,010

Overview

Property ID: SGR-33533234
  • Commercial Sale
  • Property Type
  • 1964
  • Year Built

Description

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.

  • Address 2618 W Martin Luther King Jr Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90008
  • Area PHHT - Park Hills Heights
  • Country United States

Details

Updated on August 20, 2024 at 9:30 am
  • Property ID: SGR-33533234
  • Price: $950,000
  • Land Area: 5910.00 m²
  • Year Built: 1964
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 941.00
  • MLS#: 24351235
  • Office Name: KIDDER MATHEWS OF CALIFORNIA, INC.
  • Agent Name: Casey Lins
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01902650

Additional details

  • County: Los Angeles
  • Parking: 6.00

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