For Sale
$1,999,999

2401 Martin Luther King Jr BlvdLos Angeles, CA 90008

Prime LA Retail Strip, 7 Units

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Retail strip center for sale in Los Angeles.
  • Seven retail units; five occupied, two vacant, generating $10,305 in gross monthly income.
  • Significant upside potential due to vacant units.
  • High visibility and excellent signage opportunities due to prime corner location.
  • Located at the northwest corner of Martin Luther King Jr Blvd and 2nd Ave, one block west of Arlington Ave.
  • Adjacent to Leimert Park and Baldwin Village.

Property Details for 2401 Martin Luther King Jr Blvd

Property type
Retail properties, Land
Square Feet
5,520 SF
Year Built
1948
Units
7

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0109505
Longitude
-118.3194386
2401 Martin Luther King Jr Blvd, Los Angeles, California

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2401 Martin Luther King Jr Blvd
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