Motivated Seller! 2401-2413 W Martin Luther King Jr Blvd 5,520 SF 22% Leased Retail Building Los Angeles, CA 90008 $2,302,311 CAD ($417.09 CAD/SF)
INVESTMENT HIGHLIGHTS
- Price Improvement! Commercial Investment Purchase Opportunity: 7 Retail Stores
- Heavy Traffic Corner Exposure
- 10% Down SBA 504 Financing
- 5 Occupied Retail Stores with $10,305 Gross Monthly Income
- Adjacent to Leimert Park and Baldwin Village
- Ample Street Parking
EXECUTIVE SUMMARY
Motivated seller, owner will consider all offers presented. Sales price improvement. Retail strip center for sale. 7 units: 5 units occupied; 2 units vacant. Actual $10,305 gross monthly income. Heavy traffic exposure with 36,000 daily vehicle count and excellent signage. Located at the northwest corner of Martin Luther King Jr Blvd and 2nd Avenue. One block west of Arlington Avenue. Adjacent to Leimert Park and Baldwin Village. Excellent upside potential!
Perfect for SBA 504 financing with 10% down or 7a with 15% down.
Perfect for SBA 504 financing with 10% down or 7a with 15% down.
DATA ROOM Click Here to Access
- Title and Insurance
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$189,766
|
$34.38
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,520 SF
Building Class
C
Year Built
1948
Price
$2,302,311 CAD
Price Per SF
$417.09 CAD
Percent Leased
22%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.16 AC
Zoning
LA C2-1VL-CPIO - Commerical
Frontage
122’ on Martin Luther King Jr Bl
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 2401 1/2 | 430 SF | Retail | In-Line | Now |
2401 1/2
| Size |
| 430 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5034-018-001 | Improvements Assessment | $396,383 CAD (2025) |
| Land Assessment | $970,744 CAD (2025) | Total Assessment | $1,367,127 CAD (2025) |
