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Excellent Investment Opportunity! Located at 2401 Martin Luther King Jr. Blvd., this multi-tenant commercial retail property features 8 retail units, offering immediate rental income and additional income potential. The property currently generates approximately $12,350 in monthly rental income ($148,200 annually). The vacant unit has a projected rental income of $2,000 per month, bringing the total potential gross rental income to $14,350 per month ($172,200 annually). At the asking price of $1,500,000, the property offers an attractive investment opportunity with a **current GRM of 10.12 and a potential GRM of 8.71 upon leasing the vacant unit**. With established tenants, street frontage, and convenient access, this property presents an excellent opportunity for investors seeking an income-producing commercial asset with additional upside. Buyer to independently verify all rental income, lease terms, operating expenses, square footage, zoning, and permitted uses.
Property Type(s):
Commercial
| Last Updated | 10/8/2026 | Year Built | 1948 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Additional Details
| AREA | C34 - Los Angeles Southwest |
|---|---|
| LOT | 6804 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 6802 |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Century 21 Realty Masters
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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