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    2401 W Martin Luther King Jr Blvd Los Angeles, CA 90008

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    For Sale
    $1,899,000

    Seven-unit retail strip with high visibility in Los Angeles.

    Lot size:
    0.16 Acres

    Property Features for 2401 W Martin Luther King Jr Blvd

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1948

    Source: Pak Home Realty Agent Gerardo Garcia Macias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip on Corner Lot

    The property at 2401 W Martin Luther King Jr Blvd in Los Angeles is a seven-unit retail strip constructed in 1948. It is situated on a signalized corner of MLK Jr Blvd and 2nd Ave. The building provides 5,520 square feet of space on a 6,800 square foot lot, offering corner visibility and traffic counts exceeding 36,000 vehicles per day. The units are separately metered. Zoned C2, the property allows for retail and service uses. The location is near Metro K Line stations and surrounded by residential neighborhoods along a corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3195895
    Latitude
    34.0109538

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    FAQs

    What type of property is this?
    Strip mall - Seven-unit retail strip with high visibility in Los Angeles.
    Where is this strip mall located?
    The property is located at 2401 W Martin Luther King Jr Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - High traffic corner location with excellent visibility (36,000+ vehicles per day).; - C2 zoning allows for flexible retail and service uses.; - 7-unit retail strip providing multiple income streams.
    (949) 867-0007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 W Martin Luther King Jr Blvd Los Angeles, CA 90008
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