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1451 W Martin Luther King Jr. Blvd
Los Angeles, CA 90062

Development Site -TOC TIER 2 OPPORTUNITY ZONE · Land For Sale · 0.28 AC

Investment Highlights

  • Corner Lot
  • Located in the Opportunity Zone
  • Property Delivered Vacant at COE
  • Development Opportunity/Retail Repositioning Opportunity
  • TOC Tier 2 Site
  • Neighboring Tenants: Jack in the Box, KFC, Taco Bell

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Total Lot Size 0.28 AC

Description

Compass Commercial is pleased to present for sale, a development opportunity in South LA. The 12,047± square foot corner lot consists of an existing restaurant with a 1,032 square foot building. The attractive C2 zoning allows a developer to build up to 15 units by right or 50 units under TOC Tier 2 in this thriving area located in the Opportunity Zone. Property will be delivered vacant at the close of escrow.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5036-031-006
Land Assessment
£1,199,844
Improvements Assessment
£4,152
Total Assessment
£1,203,996

zoning

Zoning Code LAC2
LAC2
  • Listing ID: 19374712

  • Date on Market: 29/04/2020

  • Last Updated:

  • Address: 1451 W Martin Luther King Jr. Blvd, Los Angeles, CA 90062

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