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

2618 West Martin Luther King Jr Boulevard

^$ 1,195,000

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2618 West Martin Luther King Jr Boulevard

Los Angeles, CA, 90008

^$ 1,195,000

Studio Baths0.0

Monthly Estimate*

^$ 8,347

2618 West Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 1

2618 West Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 2

2618 West Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 3

2618 West Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 4

2618 West Martin Luther King Jr Boulevard, Los Angeles, CA 90008 - Image 5

2618 West 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 building was built in 1964.

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.

Commercial Contingent

Price

^$ 1,195,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024351235

Features

General

Zoning LAC2

Year Built 1964

County Los Angeles

Property Type F

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 0.0

Street Name Martin Luther King Jr

Standard Status Active Under Contract

Exterior

Lot Size Area 5910.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 1

Street Suffix Boulevard

Total Baths 0

* Excluded Features

List By

Casey Lins

Listing Agent

Kidder Mathews Of California, Inc.

Broker

Affordability Calculator

$8,347

Per Month

Monthly Principal & Interest: $8,347
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,170,078

Percent of Sale Price 82%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2024	$1,195,000		Listed Price

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2618 West Martin Luther King Jr Boulevard, Los Angeles, CA, 90008 is a Commercial Property for sale at $1,195,000. 2618 West 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/28/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2618 West Martin Luther King Jr Boulevard

Commercial Property for sale in Los Angeles, CA

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