Investment Highlights
Development Potential: C2 Zoned with potential for 100% Affordable Housing
Location: Corner property with alley located in Leimert Park
Executive Summary
2618 W Martin Luther King Jr Boulevard is a well-positioned development opportunity located in Leimert Park, one of the hottest submarkets throughout Los Angeles. The property consists of ?5,908 SF of C2 land, positioned on a corner with alley access in the rear.The property has approximately ?57? in width, ?105? in depth, and a ?20? alley in the rear to allow for ingress/egress flexibility on a new development. The current improvements, a 941 SF building that was previously a restaurant use, are in need of either demolition or a full rebuild.Nearby developments include 195 units on Crenshaw Boulevard, the Baldwin Hills Crenshaw Plaza, and various creative offices off of Jefferson Boulevard. With its central location 2.5 miles from USC and just a 2-minute drive from LAX to Crenshaw Metro Rail Line, a new development is expected to be the property?s highest and best use.Buyers shall rely on their own due diligence to verify the development potential of the property within the City of Los Angeles.Contact Casey Lins at 714.333.6768 or casey.lins@kidder.com to schedule a walkthrough.
