2618 W Martin Luther King Jr Boulevard Los Angeles, CA $ 1,195,000
2618 W Martin Luther King Jr Boulevard
$ 1,195,000
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2618 W Martin Luther King Jr Boulevard

Los Angeles, CA, 90008
$ 1,195,000
Baths0.0 Sq 941

Monthly Estimate*

$ 7,942

Listed by Kidder Mathews of California, Inc.
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 1
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 2
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 3
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 4
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 5
2618 W Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 6
Studio

Commercial Property for sale in Los Angeles, CA

for $1,195,000. This 941 square foot building was built in 1964 on a lot size of 0.1357.

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.

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Commercial Active

Price

$ 1,195,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.1357

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24351235

Days on Market

131

Features
General
Zoning LAC2
HOA 0.0
Year Built 1964
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Google Maps: 2618 W Martin Luther King Jr Blvd. Los Angeles CA 90008
City Los Angeles
View Y/N N
Senior Community Y/N N
MLS Area PHHT - Park Hills Heights
Lot Size Units SquareFeet
Lot Size Square Feet 5910.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Martin Luther King Jr
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 83
Standard Status ActiveUnderContract
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Exterior
Total Parking 6.0
Lot Size Area 5910.0
Spa N
Building Area Total 941.0
Lot Size Acres 0.1357
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Boulevard
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 2618
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* Excluded Features
List By
Kidder Mathews Of California, Inc.

Broker

(714) 333-6768

Phone

Affordability Calculator

$7,942
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,942
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/24/2024$1,195,000 Listed Price

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2618 W Martin Luther King Jr Boulevard, Los Angeles, CA, 90008 is a Commercial Property for sale at $1,195,000 with 941 sqft and a lot size of 0.1357. 2618 W Martin Luther King Jr Boulevard is a studio with 0.0 baths and was built in 1964. The property's zip code is 90008 which is in Los Angeles, CA