$1,500,000
2401 W Martin Luther King Jr Blvd
Los Angeles, CA 90008
—
Beds
—
Baths
6,804
Square feet
1948
Built
Listing narrative
Description
8 Retail Units | 7.27% Current CAP Rate | 8.87% Potential CAP Rate! Excellent investment opportunity at 2401 Martin Luther King Jr. Blvd.! Offered at $1,500,000, this multi-tenant retail property generates approximately $148,200 in annual gross income, with potential to reach $172,200 upon leasing the vacant unit. Current GRM of 10.12 and potential GRM of 8.71. Established tenants, excellent street frontage, and strong income upside. CAP rates are estimates based on reported expenses and projected property taxes. Buyer to verify all income, expenses, CAP rates, property details, and permitted uses.
Property Details
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Price
$1,500,000
Beds
Beds n/a
Type
Commercial
MLS subtype
Business
Home Size
6,804 sqft
Baths
Baths n/a
Lot Size
0.16 acres
Year
1948
Status
For Sale
Days on Market
31
$ / Sqft
$220
Courtesy of Century 21 Realty Masters





