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25K Lot - 2 Free Standing Retail Strip Center 4020-4028 W Martin Luther King Jr Blvd 9,200 SF 100% Leased Retail Building Los Angeles, CA 90008 $5,820,885 CAD ($632.70 CAD/SF)
Investment Highlights
- Restaurant or Medical Conversion Opportunity - 2021 Restaurant Certificate of Occupancy Modified Due to Reduced Parking Requirements
- 200 Feet of MLK Frontage
- MTM Tenancy / Modified Gross Leases - Immediate Upside w/ NNN Leases
- 24,937 Potential Development Site - Rear Alley Access 20 Foot
- 2 Free Standing Buildings - Multi-Tenant Street Level Retail
- 9 Tenants - 2 Buildings - Generous Parking Ratio
Executive Summary
Baldwin Village multi-tenant retail opportunity situated on 24,937 square foot parcel. There are two free-standing retail buildings with 200 Feet of Martin Luther King Jr. Blvd frontage. The current tenancy has a diverse tenant mix which are all on month-to-month leases, paying only their own electrical meter (Modified Gross). An Owner-user can immediately capture the upside for any of the unused square footage by implement NNN leases and raising to market rents or an investor could
boost up their Cap Rate with these long-term seasoned tenants. The Zoning and State Enterprise Zone will allow Medical Office or Restaurant conversion with the reduced parking requirements under this designation. In 2021 due to this reduced parking concession allowed, the Certificate of Occupancy was modified from Grocery Store to Restaurant It's situated in density location and adjacent to the Baldwin HIlls Crenshaw Mall.
boost up their Cap Rate with these long-term seasoned tenants. The Zoning and State Enterprise Zone will allow Medical Office or Restaurant conversion with the reduced parking requirements under this designation. In 2021 due to this reduced parking concession allowed, the Certificate of Occupancy was modified from Grocery Store to Restaurant It's situated in density location and adjacent to the Baldwin HIlls Crenshaw Mall.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$276,080
|
$30.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$276,080
|
$30.01
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $276,080 |
| Annual Per SF | $30.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $276,080 |
| Annual Per SF | $30.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,200 SF
Building Class
C
Year Built/Renovated
1957/2000
Price
$5,820,885 CAD
Price Per SF
$632.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C1.5-1-SP - Crenshaw Corridor Specific Plan
Parking
34 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
200’ on Martin Luther King Jr Blv
Nearby Major Retailers
Property Taxes
| Parcel Number | 5032-007-002 | Improvements Assessment | $359,347 CAD |
| Land Assessment | $1,169,984 CAD | Total Assessment | $1,529,331 CAD |
Property Taxes
Parcel Number
5032-007-002
Land Assessment
$1,169,984 CAD
Improvements Assessment
$359,347 CAD
Total Assessment
$1,529,331 CAD
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25K Lot - 2 Free Standing Retail Strip Center | 4020-4028 W Martin Luther King Jr Blvd
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