1472 Martin Luther King Jr BlvdLos Angeles, CA 90062

Property Details for 1472 Martin Luther King Jr Blvd

Year built

1921

Property size (Sq ft)

3,544 SF

Property type

Retail properties

Description

This multi-tenant retail storefront, located at 1472 W Martin Luther King Jr Blvd, Los Angeles, CA 90062, presents a compelling investment opportunity. The 3,544 square foot building sits on a 6,757 square foot lot and boasts a 2.76% cap rate with an asking price of $795,000 ($224.32/sq ft). Built in 1921, the property is zoned C2-1VL-CPIO and offers ample on-site secured parking. Currently featuring month-to-month tenants, this presents a significant value-add opportunity for increasing rental income. The property benefits from its location near the Lucas Museum and Exposition Park, an area experiencing substantial growth and development fueled by billions of dollars in recent investments from USC and national developers. The large lot size and flexible space, including high ceilings and multiple entry points, allow for diverse uses and future development potential. This location offers easy freeway access via the 10, 110, and 405 freeways and is within minutes of USC and Downtown Los Angeles. The property's land value is $117.66 per square foot. All information should be independently verified by the buyer. This is an exceptional opportunity for an owner-user seeking SBA financing or a value-add investor seeking significant rental upside in a rapidly developing area.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0107

Longitude

-118.303

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