$1269.93 Per Sq Foot $6,415 est/mo Sourced by Back At You

2618 W Martin Luther King Jr Boulevard,Los Angeles, CA 90008

Los Angeles CA, 90008

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Description

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

Listing ID24351235
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1964
Days On Site120
Listing Provided ByKidder Mathews of California, Inc. 858-369-3010 | Casey Lins

Features

SQ Feet941
Story(s)1
ZoningLAC2
Acreage0.14

Market Activity 90008

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90008
AreaPHHT Park Hills Heights
Listing VS Median (in 90008)
Price:
$1,195,000
low | high
Med:
$1,197,450
49.794979079498% of Average
SqFt:
941
low | high
Med:
1,123
30.658873538789% of Average
$ / SqFt:
$1,270
low | high
Med:
$1,095
63.79852514468% of Average
On Site:
120
low | high
Med:
108.500000
100% of Average
Sourced by Back At You
Listing Updated: April 19, 2024 at 8:29:25 PM PDT
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