Thank you
Casey Lins
Kidder Mathews of California, Inc.
858-369-3010
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.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1357
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5910
Original List Price: 1,195,000
Listing Contract Date: 2024-01-24
Listing Agreement: Seller Reserved
Parcel Number: 5023023018
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: PHHT - Park Hills Heights
Postal Code Plus 4: 2745
Directions: Google Maps: 2618 W Martin Luther King Jr Blvd. Los Angeles, CA 90008
Zoning: LAC2
Source Property Type: Land
Area: PHHT - Park Hills Heights
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5261 Weatherford Drive, Los Angeles, CA,90008 | $400,000 | -- | -- | -- | 4017 Sqft |
4072 Hillcrest Drive #A, Los Angeles, CA,90008 | $400,000 | 2 | 1 | 972 | 21436 Sqft |
4436 Don Felipe Drive, Los Angeles, CA,90008 | $1,990,000 | 4 | 3 | 3,500 | 8157 Sqft |
3968 Arlington Avenue, Los Angeles, CA,90008 | $1,200,000 | 5 | 5 | 2,720 | 8143 Sqft |
4122 S Bronson Avenue, Los Angeles, CA,90008 | $1,199,000 | 3 | 2 | 1,729 | 5510 Sqft |
4529 Don Ricardo Drive, Los Angeles, CA,90008 | $1,849,000 | -- | -- | -- | 14572 Sqft |
3834 Dublin Avenue, Los Angeles, CA,90008 | $1,888,888 | 5 | 4 | 3,988 | 6740 Sqft |
3874 Arlington Avenue, Los Angeles, CA,90008 | $1,145,000 | 4 | 3 | 1,730 | 8085 Sqft |
3860 Hepburn Avenue, Los Angeles, CA,90008 | $1,126,000 | 3 | 2 | 1,850 | 6001 Sqft |
4515 Don Quixote Drive, Los Angeles, CA,90008 | $1,499,000 | 3 | 2 | 1,479 | 7903 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 01:34
MLS: 24351229
LISTED BY: Casey Lins, Kidder Mathews of California, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.