2618 W Martin Luther King Jr Blvd

Leimert Park, Los Angeles, CA 90008

$1,450,000
Land

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

Property Description

2618 W Martin Luther King Jr Blvd 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 Blvd, the Baldwin Hills Crenshaw Plaza, and various creative offices off of Jefferson Blvd. 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 verify the development potential of the property within the City of LA.
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PROPERTY DETAILS

  • Exterior
    .14 Acres
  • Property Type
    Land
  • MLS/Listing ID
    22-208391
  • Days On Market
    106

BUILDING/PROPERTY DETAILS

  • City View
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Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins - 01902650 - 310-692-1814