$1,500,000
( $271.74Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

2401 W Martin Luther King Jr,Los Angeles, CA 90008

Los Angeles, CA 90008

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Description

Excellent Investment Opportunity! Located at 2401 Martin Luther King Jr. Blvd., this multi-tenant commercial retail property features 8 retail units, offering immediate rental income and additional income potential. The property currently generates approximately $12,350 in monthly rental income ($148,200 annually). The vacant unit has a projected rental income of $2,000 per month, bringing the total potential gross rental income to $14,350 per month ($172,200 annually). At the asking price of $1,500,000, the property offers an attractive investment opportunity with a **current GRM of 10.12 and a potential GRM of 8.71 upon leasing the vacant unit**. With established tenants, street frontage, and convenient access, this property presents an excellent opportunity for investors seeking an income-producing commercial asset with additional upside. Buyer to independently verify all rental income, lease terms, operating expenses, square footage, zoning, and permitted uses.

Details

MLS #DW26219609
Listing TypeFor Sale
StyleBusiness
Sub-TypeResale
StatusActive
Year1948
Days On Site21
Listing Provided ByCentury 21 Realty Masters | Tomas Briseno

Features

SQ Feet5,520
Story(s)1
Units8
Building(s)1
ZoningLAC2
Acreage0.16

Exterior

Lot FeaturesCorner Lot

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90008
AreaC34 Los Angeles Southwest
Listing VS Median (in 90008)
Price:
$1,500,000
low | high
Med:
$865,000
92.333333333333% of Average
sqft:
5,520
low | high
Med:
1,950
100% of Average
$ / sqft:
$272
low | high
Med:
$444
13.241025641026% of Average
On site:
21
low | high
Med:
67
31.34328358209% of Average
Sourced by Back At You

Market Activity 90008

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Contact

Learn More About This Property

Wayne Miller

Wayne Miller

LHC Firm Commercial

02088562 (386) 503-2702waynemillerrealestate@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90008
AreaC34 Los Angeles Southwest
Listing VS Median (in 90008)
Price:
$1,500,000
low | high
Med:
$865,000
92.333333333333% of Average
sqft:
5,520
low | high
Med:
1,950
100% of Average
$ / sqft:
$272
low | high
Med:
$444
13.241025641026% of Average
On site:
21
low | high
Med:
67
31.34328358209% of Average
Sourced by Back At You
Listing Updated: October 9, 2026 at 9:58:34 AM PDT

Wayne Miller - LHC Firm Commerical