SIGNIFICANT PRICE REDUCTION! 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.
Property Details
Property Features
Listing Office:
Office Name: Kidder Mathews of California, Inc.
Office Phone: (858) 369-3010
Listing Agent: Casey Lins
Exterior Features
Exterior Information:
View: City Lights
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Other
Directions Information:
Directions: Google Maps: 2618 W Martin Luther King Jr Blvd. Los Angeles, CA 90008
Price Information
Listing Price Info
Price Summary:
List Price: $950,000
Tax Information:
Annual Amount: $6,064
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $73.4K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24351229
Listing Office:
Office Name: Kidder Mathews of California, Inc.
Office Phone: (858) 369-3010
Listing Agent: Casey Lins
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 24, 2020
Dec 24, 2020Home Sold
$485,000
Mar 10, 2020
Mar 10, 2020Home Sold
$335,600
Oct 16, 2014
Oct 16, 2014Home Sold
$250,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,064
$485,000
2020
$3,759
$295,014
2019
$3,619
$289,231
2018
$3,417
$283,560
2017
$3,417
$258,888
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
42nd Street Elementary School
4231 4th Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-5
6
/10
Tom Bradley Global Awareness Magnet
3875 Dublin Ave
Distance between this listing and this school0.32 miles
Public Magnet Grades KG-5
4
/10
King Jr. Elementary School
3989 S Hobart Blvd
Distance between this listing and this school0.81 miles
Public District Grades KG-5
Nearby Schools
6
/10
New Heights Charter
2202 W Martin Luther King Jr Blvd
Distance between this listing and this school0.25 miles
Public Charter Grades KG-8
6
/10
Libertas College Preparatory Charter
3875 Dublin Ave
Distance between this listing and this school0.32 miles
Public Charter Grades 4-8
2
/10
Audubon Middle School
4120 11th Ave
Distance between this listing and this school0.41 miles
Public District Grades 6-8
Nearby Schools
4
/10
Catch Preparatory Charter High Inc.
4120 11th Ave
Distance between this listing and this school0.32 miles
Public Charter Grades 9-12
2
/10
Crenshaw Magnet High School
5010 11th Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades 9-12
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school1.06 miles
The neighbors living near this home have an average income of $52,727. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2618 W Martin Luther King Jr Blvd
What is the listing price of this property?
The listing price of 2618 W Martin Luther King Jr Blvd property is $950,000.
What type of property is this?
The property 2618 W Martin Luther King Jr Blvd is land located in Los Angeles, California, 90008.
Is this property for sale now?
Active Listing: 2618 W Martin Luther King Jr Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $6,064 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 24, 2020 for $485,000. (source: MLS/tax record).
How much acreage is this property?
The property 2618 W Martin Luther King Jr Blvd is 0.14 acres.
Interested in 2618 W Martin Luther King Jr Blvd? Let's connect.
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This home is located at 2618 W Martin Luther King Jr Blvd in Los Angeles, CA and zip code 90008 in the Leimert Park neighborhood. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since January 24, 2024 and is currently priced at $950,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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