$1,195,000 Price Analysis   ♡   Los Angeles, CA 90008 Unknown bed 0 bath unknown SqFt ($0/SqFt) 5,910SqFt lot. Listed 2024-01-24, Taxes $6,140 | Ⓧ USDA Ineligible due to property near Los Angeles |
2618 W Martin Luther King Jr Boulevard is a well-positioned development opportunity located in Lemert 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 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 propert y within the City of Los Angeles.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-351229 from TheMLSCLAW
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5910
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Google Maps: 2618 W Martin Luther King Jr Blvd. Los Angeles, CA 90008
Source Property Type: Land
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5023-023-018
Postal Code Plus 4: 2745
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $127,500 + $367,200 $494,700 | $6,140 |
| 2021 | $125,000 + $360,000 $485,000 | $6,064 |
| 2020 | $61,549 + $233,465 $295,014 | $3,730 |
| 2019 | $60,343 + $228,888 $289,231 | $3,759 |
| 2018 | $59,160 + $224,400 $283,560 | $3,619 |
| 2017 | $51,777 + $207,111 $258,888 | $3,416 |
| 2016 | $50,762 + $203,050 $253,812 | $3,238 |
| 2015 | $50,000 + $200,000 $250,000 | $3,193 |
| 2014 | $22,771 + $27,178 $49,949 | $833 |
| 2013 | $22,669 + $27,056 $49,725 | $827 |
| 2012 | $22,225 + $26,526 $48,751 | $836 |
| 2010 | $21,790 + $26,006 $47,796 | $833 |
| 2009 | $21,680 + $25,874 $47,554 | $802 |
| 2009 | $21,628 + $25,812 $47,440 | $802 |
| 2008 | $21,255 + $25,367 $46,622 | $776 |
| 2007 | $20,839 + $24,870 $45,709 | $753 |
$1,195,000
TheMLSCLAW
Listing removed 2023-03-03
$0
TheMLSCLAW
Listed 2022-10-13
$1,450,000
TheMLSCLAW
Sold 2020-12-24
$485,000
Public Record
Sold 2014-10-16
$250,000
Public Record
Sold 1974-05-30
$30,000
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.