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For SaleLuxury

$1,500,000

6,804 sqft$220/sqft31 days on market

2401 W Martin Luther King Jr Blvd

Los Angeles, CA 90008

· 8% down, 7% APR, 30yr fixed

—

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.

Listing agent (MLS): Tomas Briseno · Listing brokerage (MLS): Century 21 Realty Masters

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Century 21 Realty Masters