2401 W Martin Luther King Jr, Los Angeles, CA 90008
- $1,500,000
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- DW26219609
- Year Built
- 1948
- Lot Size
- 6,802
- Acres
- 0.16
- Lot Location
- Corner Lot
- Days on Market
- 24
- Property Type
- Commercial
- Property Sub Type
- Business
Property 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.
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $172,000
Listing courtesy of Listing Agent: Tomas Briseno (tomasbriseno94@yahoo.com) from Listing Office: Century 21 Realty Masters.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.