1471 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062

$3,000,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

Unlock the potential of this exceptional urban retail and/or repositioning land development opportunity! This property features a contiguous parcel of land zoned "C2-1VL-CPIO," designated for "Commercial Zone," within the South Los Angeles Community Plan Implementation Overlay District (South Los Angeles CPIO) and Transit Oriented Communities (TOC) Tier 2 Site. Encompassing a total of 11,553+/- square feet of semi-improved land, this site is paved and conveniently located on a corner, boasting a prominent presence with 135 linear feet along Martin Luther King Jr Blvd. At its core stands a Free-Standing Single-Story building erected in 1962, formerly occupied by Firestone Complete Auto Care. The building features six (6) auto repair bays spanning 3,951+/- gross leasable square feet area, purpose-built for an auto-related service business. Currently, the property owner has been operating an auto repair business on-site since 2017. The owner may consider selling or including all of its trade furniture, fixtures & equipment (FF&E) and provide entitlement time for a land developer to process its project, however final terms will be at the property owner’s sole discretion. Seize the opportunity to shape the future of this property and unlock its true value. Contact us today to learn more and schedule a viewing.

Listing Details

Property type: Mixed Use (Commercial)

Status: Active

MLS# CV24099583

Price: $3,000,000

Built in 1962

0.27 acres

Lot size: 0.2652

County: Los Angeles

Lot description: Corner Lot

MLS area: C34 - Los Angeles Southwest

Last Updated: 10/2/2024