Corner Restaurant Development
For Sale
$795,000
2618 Martin Luther King Jr Boulevard, Los Angeles, CA 90008
Corner commercial land with rear alley access and an existing 941 SF restaurant building needing demolition or rebuild.
Property Size941 SF
Lot Size0.14 Acres
Price / SF$844.85
Days on Market200
Property Features for 2618 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
941 SF
Lot size
0.14 Acres
Property subtype
General Commercial
Zoning
C-2
Amenities
3
LAC2
Corner Lot.
6 Parking Spaces.
Corner.
Building Details
Year Built
1964
Listing Agency:
Kidder Mathews of California, Inc.
(858) 369-3010
Listed By:
Casey Lins · License #01902650
(213) 225-7223
Source:
Xome
Added: Feb 20
Changed: Sep 8
Last Checked: Sep 7 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
Investment Insights
Based on property information with market context.
The property consists of 5,908 SF of C2 commercial land configured on a corner with rear alley access. Approximately 57 feet of frontage and 105 feet of depth are noted, along with a 20-foot rear alley that provides for ingress/egress flexibility for a future development. An existing 941 SF building is present and was previously used as a restaurant, with the improvements identified as needing either demolition or a full rebuild.
The listing describes the asset as located in Leimert Park, with nearby developments including a 195-unit project on Crenshaw Boulevard, Baldwin Hills Crenshaw Plaza, and various creative offices off Jefferson Boulevard. The seller also notes proximity to USC and a short drive to the Crenshaw Metro Rail line.
For buyers, the City of Los Angeles development potential is not guaranteed, and due diligence is required to confirm permitted uses and project feasibility. Contact the listing broker for additional information.
The listing describes the asset as located in Leimert Park, with nearby developments including a 195-unit project on Crenshaw Boulevard, Baldwin Hills Crenshaw Plaza, and various creative offices off Jefferson Boulevard. The seller also notes proximity to USC and a short drive to the Crenshaw Metro Rail line.
For buyers, the City of Los Angeles development potential is not guaranteed, and due diligence is required to confirm permitted uses and project feasibility. Contact the listing broker for additional information.
Key Highlights
- 5,908 SF C2 land on a corner with rear alley access for ingress/egress flexibility.
- Approx. 57' frontage and 105' depth, plus a 20' rear alley for access on a new development.
- Existing 941 SF building previously used as a restaurant; in need of demolition or full rebuild.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 90008, CA
33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner commercial land with rear alley access and an existing 941 SF restaurant building needing demolition or rebuild.
Where is this commercial land located?
The property is located at 2618 Martin Luther King Jr Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,908 SF C2 land on a corner with rear alley access for ingress/egress flexibility.; Approx. 57' frontage and 105' depth, plus a 20' rear alley for access on a new development.; Existing 941 SF building previously used as a restaurant; in need of demolition or full rebuild.
