2401 Martin Luther King Jr BlvdLos Angeles, CA 90008
- Retail space
- 5,520 SF
Property Details for 2401 Martin Luther King Jr Blvd
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,887,820
- 6.5%
- $1,742,600
- 7%
- $1,618,130
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,091,670
- Geo Method
- $1,091,670
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,462,550
- Mixed-Use / Specialty
- $1,710,410
- Hospitality / Lodging
- $1,221,040
- Office
- $1,673,180
- Institutional / Educational
- $1,768,850
- Residential Income
- $2,069,550
- Multifamily
- $2,626,160
- Automotive / Energy
- $1,516,150
- Parking / Income-Based Land
- $548,878
- Restaurant / Food Service
- $834,140
- Healthcare / Senior Housing
- $1,780,640
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.011
- Longitude
- -118.32
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].