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Urban-High Street

1472 W Martin Luther King Jr Blvd

1472 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

Listing Price: $895,000

Cap Rate
2.76%
Gross SF
3,544
Rentable SF
3,544
Price/Gross SF
$252.54
Lot Size
0.16 acres
Year Built
1921

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 1472 West Martin Luther King Jr Boulevard, a 3,544 square foot, multi-tenant retail storefront, ideally located near USC and BMO Stadium.

The large lot consists of 6,757 square feet of land located between Dalton Avenue and Halldale Avenue. The property is within minutes of the 1-billion-dollar Lucas Museum and the 142-acre Exposition Park. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building that includes ample on-site secured parking in an area experiencing extensive growth and development.

1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.

Investment Highlights

  • Exposition Park Neighborhood | Major Development Nearby
  • Multi-Tenant Retail | Creative Flex-Space
  • Owner/User - SBA Financing
  • Value Add | Major Upside in Rents
  • Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
  • On-Site Secured Parking
  • Within Minutes of USC & Downtown Los Angeles
  • Easy Access to the 10, 110, and 405 Freeways

Exclusively Listed By

Financing By

Urban-High Street

1472 W Martin Luther King Jr Blvd

Listing Price: $895,000

Cap Rate
2.76%
Gross SF
3,544
Rentable SF
3,544
Price/Gross SF
$252.54
Lot Size
0.16 acres
Year Built
1921

Investment Highlights

  • Exposition Park Neighborhood | Major Development Nearby
  • Multi-Tenant Retail | Creative Flex-Space
  • Owner/User - SBA Financing
  • Value Add | Major Upside in Rents
  • Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
  • On-Site Secured Parking
  • Within Minutes of USC & Downtown Los Angeles
  • Easy Access to the 10, 110, and 405 Freeways

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 1472 West Martin Luther King Jr Boulevard, a 3,544 square foot, multi-tenant retail storefront, ideally located near USC and BMO Stadium. The large lot consists of 6,757 square feet of land located between Dalton Avenue and Halldale Avenue. The property is within minutes of the 1-billion-dollar Lucas Museum and the 142-acre Exposition Park. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building that includes ample on-site secured parking in an area experiencing extensive growth and development. 1472 West Martin Luther King Jr Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. Exposition Park has experienced significant growth and offers outstanding long-term returns for investors. USC and several national developers have invested billions of dollars on ground up development within the immediate area over the last few years. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.

Exclusively Listed By

Financing By

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