1471 W Martin Luther King Jr BLVD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90062
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24099583
HOA Y/N No
Year Built 1962
Lot Size 0.265 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 5036030033
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard