1472-1474 W Martin Luther King Jr Blvd - Storefront FOR SALE


Los Angeles, CA 90062
$795,000 USD
818-703-3735
1472-1474 W Martin Luther King Jr Blvd, Los Angeles, CA for Sale
$795,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

1472-1474 W Martin Luther King Jr Blvd
Los Angeles, CA 90062


HIGHLIGHTS

  • Multi-Tenant Retail | Creative Flex-Space
  • Owner/User - SBA Financing
  • Current Tenants All On Month to Month Leases
  • Exposition Park Neighborhood | Major Development Nearby
  • Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
  • On-Site Secured Parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail | Creative Flex-Space

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,757 SF

ZONING

LAC2

APN/PARCEL ID

5021-003-003

ASK ABOUT THIS PROPERTY

Floyd ShaheenFloyd GroupMore Info
818-703-3735

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Floyd ShaheenFloyd GroupMore Info
818-703-3735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.