2401 W Martin Luther King Jr Blvd Los Angeles, CA 90008
- Retail space
- 5,520 SF
- 0.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 2401 W Martin Luther King Jr Blvd
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 5,520 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 5034-018-001
- APU
- 5034018001
Description
This exceptional retail investment opportunity is located at 2401 W Martin Luther King Jr Blvd, Los Angeles, CA 90008. The property, situated on a 6,800 square foot lot, boasts a total of 5,520 square feet of retail space divided into seven units. Currently, five units are occupied, generating a gross monthly income of $10,305. Two units are vacant, presenting a fantastic opportunity to increase revenue and maximize the property's potential. Built in 1948, the property is zoned LA C2-1VL-CPIO. Its prime location at the northwest corner of Martin Luther King Jr Blvd and 2nd Avenue, one block west of Arlington Avenue, ensures high visibility and significant foot traffic. The property benefits from excellent signage opportunities and is ideally positioned adjacent to the vibrant Leimert Park and Baldwin Village neighborhoods. The asking price is $1,999,999, translating to $362.32 per square foot. This is a rare chance to acquire a well-located, income-producing retail center with substantial upside potential in a thriving Los Angeles community. The property's APN is 5034-018-001. This offering presents a strong investment opportunity for savvy buyers seeking a foothold in the dynamic Los Angeles retail market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $285,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.32
- Latitude
- 34.011
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
