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31086031
31086032

2618 W Martin Luther King Jr Blvd, Los Angeles, CA 90008 For Sale

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$699,000
125 days on market
Updated 72 days ago

2618 W Martin Luther King Jr Blvd

Details
APN 5023-023-018
Property Type Retail
Sub Type Bar, Restaurant (+1)
Square Footage 941
Net Rentable (SqFt) 941
Units 1
Price per SqFt $743
Broker Co-Op Yes
Year Built 1964
Buildings 1
Stories 1
Lot Size (SqFt) 5,908
Zoning LAC2
Investment Type Redevelopment

PRICE REDUCED! | Development Opportunity | Leimert Park

Marketing description

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 the listing broker for additional information!

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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