2618 W Martin Luther King Jr Boulevard , Los Angeles, CA 90008
Los Angeles, CA 90008
Description
SIGNIFICANT PRICE REDUCTION! 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.
Details
| MLS# | 24351235 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 262 |
| Listing Provided By | Kidder Mathews of California, Inc. 858-369-3010 | Casey Lins |
Features
| SQ Feet | 941 |
|---|---|
| Story(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.14 |
Market Activity 90008
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90008 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90008) | |
Price: $950,000 low | high Med: $1,275,000 SqFt: 941 low | high Med: 1,980 $ / SqFt: $1,010 low | high Med: $650 On Site: 262 low | high Med: 142.500000 | |
