2618 W Martin Luther King Jr Boulevard

Los Angeles, CA 90008

PRICE REDUCED

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-$245,000 (-20.50%)

$950,000

List Price

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Property 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.

Listing Information

List Price $950,000
Status Active
MLS 24351229
Type Land
Lot Size 5,910
Structure Size N/A
DOM 194
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Casey Lins DRE#01902650

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 9th, 2024 at 3:19 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.