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5300 Crenshaw Boulevard

Los Angeles (City), CA 90043
  • $5,500,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: PW21266924
UPDATED: 71 min ago
$5,500,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Doug Rodermund of Morgan Skenderian (949-251-8800)


Description

"5300 Crenshaw is a 5-story, 82-unit apartment plus retail development site located in the booming Crenshaw/Leimert Park/Hyde Park area of Los Angeles. The offering is a large, 19,007 square foot corner lot which has phenomenal street exposure along Crenshaw Boulevard. The new light rail Metro K Line (not yet open) runs directly in front of the property, allowing a developer to maximize square feet allowed on the site in addition to being a huge transportation amenity to future tenants. This development is also located squarely within an "Opportunity Zone, offering exceptional tax advantages to a developer looking to hold the property for 10+ years.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T08:23:48.04. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Tana Goff Real Estate and Home Sales | Berkshire Hathaway Home Services Elite Real Estate. Licensed in the State of California, USA.
www.tanagoff.com/homes/124193565
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5300 Crenshaw Boulevard Los Angeles (City), CA 90043

  • Price: $5,500,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 71 min ago
  • ID#: PW21266924
0
Beds
0
Baths
0
½ Baths
0.44
Acres
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
"5300 Crenshaw is a 5-story, 82-unit apartment plus retail development site located in the booming Crenshaw/Leimert Park/Hyde Park area of Los Angeles. The offering is a large, 19,007 square foot corner lot which has phenomenal street exposure along Crenshaw Boulevard. The new light rail Metro K Line (not yet open) runs directly in front of the property, allowing a developer to maximize square feet allowed on the site in addition to being a huge transportation amenity to future tenants. This development is also located squarely within an "Opportunity Zone, offering exceptional tax advantages to a developer looking to hold the property for 10+ years.
Exterior Features

Lot Features Flag LotNear Public TransitRectangular Lot View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features CurbsSidewalks Land Lease YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Other Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T08:23:48.04. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Tana Goff Real Estate and Home Sales | Berkshire Hathaway Home Services Elite Real Estate. Licensed in the State of California, USA.
 
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Tana Goff Real Estate and Home Sales | Berkshire Hathaway Home Services Elite Real Estate
, 95368
Listing Agent(s): Doug Rodermund of Morgan Skenderian (949-251-8800)