2618 W Martin Luther King Jr Boulevard

Active

2618 W Martin Luther King Jr Boulevard

Los Angeles CA, 90008

$950,000

$1,009.56 per sqft

Active

941 sqft

Commercial

Built in 1964

Listed by Casey Lins with Kidder Mathews of California, Inc. 714-333-6768

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.

24351235

MLSⓇ ID

January 24, 2024

Listed

September 13, 2024

Updated

Map

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

Interior Features

Total Stories: 1
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.14 Acres

Other Property Details

Area Name: PHHT - Park Hills Heights
Days on Market: 189
Garage: No
Parking Total: 6
View: No
County: Los Angeles
Pool: No
Zoning: LAC2

Listing Contact: 858-369-3010

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/13/2024 at 3:08 PM UTC