$1,749,000

5106 Crenshaw Boulevard, Los Angeles 90043

9,148

Lot Size

Listing Agent
Bryan Castillo - Castillo Realty Group, Inc.

Location! Location! DEVELOPER’S DREAM! Build 20 units by right or 40 units taking advantage of TOC Tier III incentives. Located in the Crenshaw Corridor Opportunity Zone (tax incentives for long-term investors) adjacent to prominent View Park neighborhood. Front line of the brand new $2.1 Billion LAX/Crenshaw Metro K Line – walking distance to Vernon/Leimert Park and Crenshaw/Slauson Stations. C2 Zoned 9,148 sq ft lot. Eased parking - No Parking restrictions due to close proximity to Metro K Line stations! Current improvements include a SFR 1,946 sq ft + Garage Converted ADU 360 sq ft. Well maintained property with low maintenance allow you to instantly collect market value rent while you wait for the entitlement process! Or, purchase the adjacent lot with same lot dimensions to double the size of your project! Close proximity to major freeways, grocery stores, coffee shops, restaurants, schools, malls, BMO Stadium, SoFi Stadium, The Dome, The Forum. Exciting new developments in the area – including the $1B redevelopment of Baldwin Hills-Crenshaw Plaza Mall, Crenshaw Crossing, 5300 Crenshaw Blvd – 82 units under construction, 5144 Crenshaw Blvd – 79 units under construction – just to name a few. Need to complete a 1031 exchange? Look no further. Listing info deemed reliable but not guaranteed. Buyer to verify and satisfy themselves on ALL aspects of the property. No warranties expressed or implied.

Facts & Features

MLS® # IN24031397
Price $1,749,000
Bathrooms 0.00
Lot Size 9,148
Year Built 1920
Type Commercial Sale
Sub-Type Multi Family
Status Active
# Of Units 2

Community Information

Address 5106 Crenshaw Boulevard
Area C34 - Los Angeles Southwest
City Los Angeles
County Los Angeles
Zip Code 90043

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 10
Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central Air
Has Basement No
Fireplace No
# of Stories 1

Exterior

Lot Description 0-1 Unit/Acre, Front Yard, Sprinklers In Front, Yard, Value In Land
Roof Shingle

Additional Information

Date Listed February 15th, 2024
Days on Market 80
Zoning C2-2D-SP
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentBryan Castillo
OfficeCastillo Realty Group, Inc.

Listing Map

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