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 Sub-Type Mixed Use
Property Description
Prime Corner Lot – Seller Financing – Major Upside! Rare opportunity to own an 11,553± SF corner lot with 135 feet of MLK Jr Blvd frontage in booming South LA. Zoned C2-1VL-CPIO with TOC Tier 2, the site includes a 2,775± SF auto-use building with six bays—formerly Firestone, now owner-operated since 2017. Ample parking with 12 on-site spaces, 10 street spots, and 5 garage bays. Ideal for owner-users or redevelopment. Seller financing: $1M down, 1.80% interest-only, $3,000/month, balloon in 3 years. FF&E and entitlement time may be considered. Unlock value—prime location, flexible terms. Seller reserves final approval of terms and buyer qualifications.
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.
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