210 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

210 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

Los Angeles, CA
$ 1,100,000

Property Description

We are pleased to present 210 W Martin Luther King Jr Blvd, a prime development opportunity located less than a mile from both Banc of California Stadium and USC. Property currently being operated as a 4-unit building sitting on a 9,000sqft lot zoned C2 and TOC Tier 3. Survey, soil, and TOC verification have all been completed. Per city of Los Angeles Planning and Zoning 22 units can be built by right without utilizing low income/TOC bonus. All information above is deemed reliable but not guaranteed. Buyer to complete their own due diligence on development potential.

Property Features

  • Sale Price: $ 1,100,000
  • Area Size: 3,808 Sq. Ft.
  • Land Area: 8,999 Sq. Ft.
  • Year Built: 1914
  • Listing Date: 7/15/2022
  • Closing Date: 8/17/2022
  • Units: 4
  • Current Cap Rate: 2.82%
  • Price Per Unit: $323,750