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$1,500,000
Est. payment /mo
6,804 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26219609
HOA Y/N No
Year Built 1948
Lot Size 6,804 Sqft
Property Sub-Type Business
Property Description
Excellent Investment Opportunity! Located at 2401 Martin Luther King Jr. Blvd., this multi-tenant commercial retail property features 8 retail units, offering immediate rental income and additional income potential. The property currently generates approximately $12,350 in monthly rental income ($148,200 annually). The vacant unit has a projected rental income of $2,000 per month, bringing the total potential gross rental income to $14,350 per month ($172,200 annually). At the asking price of $1,500,000, the property offers an attractive investment opportunity with a **current GRM of 10.12 and a potential GRM of 8.71 upon leasing the vacant unit**. With established tenants, street frontage, and convenient access, this property presents an excellent opportunity for investors seeking an income-producing commercial asset with additional upside. Buyer to independently verify all rental income, lease terms, operating expenses, square footage, zoning, and permitted uses.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 5034018001
Special Listing Condition Standard
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Listed by Tomas Briseno Century 21 Realty Masters 323-775-7594, DRE #01940380
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