Multi-Tenant Retail | Creative Flex-Space | 1472-1474 W Martin Luther King Jr Blvd
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Multi-Tenant Retail | Creative Flex-Space 1472-1474 W Martin Luther King Jr Blvd
3,544 SF Vacant Retail Building Los Angeles, CA 90062 $795,000 ($224/SF)
Investment Highlights
- Multi-Tenant Retail | Creative Flex-Space
- Current Tenants All On Month to Month Leases
- Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
- Owner/User - SBA Financing
- Exposition Park Neighborhood | Major Development Nearby
- On-Site Secured Parking
Executive Summary
Floyd Shaheen of Marcus & Millichap and Vaun Lennon and Robert Clifford of Lee & Associates West LA have been selected to exclusively market for sale 1472 West Martin Luther King Jr Boulevard, a 3,544 square foot, multi-tenant retail storefront, ideally located near USC and BMO Stadium. The large lot consists of 6,757 square feet of land located between Dalton Avenue and Halldale Avenue. The property is within minutes of the 1-billion-dollar Lucas Museum and the 142-acre Exposition Park. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building that includes ample on-site secured parking in an area experiencing extensive growth and development.
1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,544 SF
Building Class
C
Year Built
1921
Price
$795,000
Price Per SF
$224
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr.
Business, Churches, Schools, Auto Sales, R4 Uses
Walk Score®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5021-003-003 | Improvements Assessment | $16,548 |
Land Assessment | $86,990 | Total Assessment | $103,538 |
PROPERTY TAXES
Parcel Number
5021-003-003
Land Assessment
$86,990
Improvements Assessment
$16,548
Total Assessment
$103,538
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Multi-Tenant Retail | Creative Flex-Space | 1472-1474 W Martin Luther King Jr Blvd
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