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10% Down SBA 504 Financing 2401-2413 W Martin Luther King Jr Blvd

5,520 SF 49% Leased Retail Building Los Angeles, CA 90008 £1,501,018 (£272/SF)

Investment Highlights

  • 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

Retail strip center for sale. 7 units: 5 units occupied; 2 units vacant. Actual $10,305 gross monthly income. Heavy traffic exposure with 36,00 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.

Attachments

2401-2413 W Martin Luther King Jr Blvd OM

Data Room Click Here to Access

  • Title and Insurance

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £8,131 £1.47
Other Income - -
Vacancy Loss - -
Effective Gross Income £8,131 £1.47
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £8,131
Annual Per SF £1.47
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £8,131
Annual Per SF £1.47
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,520 SF
Building Class
C
Year Built
1948
Price
£1,501,018
Price Per SF
£272
Percent Leased
49%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.81
Land Acres
0.16 AC
Zoning
LA C2-1VL-CPIO
Frontage
122 ft on Martin Luther King Jr Bl

Links

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2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA - aerial map view
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
Chase Bank
Albertsons
California Bank & Trust
Comerica
Denny's
Starbucks
IHOP
Surf City Squeeze
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number 5034-018-001 Improvements Assessment £219,945 (2024)
Land Assessment £538,646 (2024) Total Assessment £758,591 (2024)

PROPERTY TAXES

Parcel Number
5034-018-001
Land Assessment
£538,646 (2024)
Improvements Assessment
£219,945 (2024)
Total Assessment
£758,591 (2024)
(213) 222-1200

  • Listing ID: 33565962

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA 90008

The Retail Property at 2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA 90008 is currently available For Sale. Contact Major Properties for more information.

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2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA for sale Building Photo- Image 1 of 5
2401-2413 Martin Luther King Jr Blvd
2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA for sale Building Photo- Image 2 of 5
2401-2413 Martin Luther King Jr Blvd
2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA for sale Aerial- Image 3 of 5
2401-2413 Martin Luther King Jr Blvd
2401-2413 W Martin Luther King Jr Blvd, Los Angeles, CA for sale Plat Map- Image 4 of 5
2401-2413 Martin Luther King Jr Blvd

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© 2024 CoStar Group

10% Down SBA 504 Financing | 2401-2413 W Martin Luther King Jr Blvd
(213) 222-1200 x

10% Down SBA 504 Financing | 2401-2413 W Martin Luther King Jr Blvd

Sam Luster

(213) 222-1200

(213) 222-1200

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