1451 W Martin Luther King Jr. Blvd | Los Angeles, CA 90062
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- LoopNet Team
1451 W Martin Luther King Jr. Blvd
Los Angeles, CA 90062
Development Site -TOC TIER 2 OPPORTUNITY ZONE · Land For Sale · 0.28 AC
Investment Highlights
- Corner Lot
- Located in the Opportunity Zone
- Property Delivered Vacant at COE
- Development Opportunity/Retail Repositioning Opportunity
- TOC Tier 2 Site
- Neighboring Tenants: Jack in the Box, KFC, Taco Bell
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.28 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.28 AC |
Description
Compass Commercial is pleased to present for sale, a development opportunity in South LA. The 12,047± square foot corner lot consists of an existing restaurant with a 1,032 square foot building. The attractive C2 zoning allows a developer to build up to 15 units by right or 50 units under TOC Tier 2 in this thriving area located in the Opportunity Zone. Property will be delivered vacant at the close of escrow.
PROPERTY TAXES
| Parcel Number | 5036-031-006 | Improvements Assessment | $5,306 |
| Land Assessment | $1,533,445 | Total Assessment | $1,538,751 |
PROPERTY TAXES
Parcel Number
5036-031-006
Land Assessment
$1,533,445
Improvements Assessment
$5,306
Total Assessment
$1,538,751
zoning
| Zoning Code | LAC2 |
| LAC2 |
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