$1,650,000
7323 Crenshaw Boulevard, Los Angeles 90043
8,831
Lot Size
Listing Agent
Steven Sarahang - Flat Fee Inc.7323 Crenshaw Blvd, This corner lot is 8831sf, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located near LAX and Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. Currently the plans are submitted to the city for a 4 story 18 unit apartment building with an attached carport, waiting for final approval, this project will be affordable housing TOC Tier 3. Easy to start building with the older building demolished; possible to build 26 units or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through executive directive 1 if a 100% affordable housing project is pursued. the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include several multi unit projects in the area.
Facts & Features
| MLS® # | SR24013428 |
|---|---|
| Price | $1,650,000 |
| Bathrooms | 0.00 |
| Lot Size | 8,831 |
| Type | Land |
| Status | Active |
Community Information
| Address | 7323 Crenshaw Boulevard |
|---|---|
| Area | PHHT - Park Hills Heights |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90043 |
Amenities
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Near Public Transit, Value In Land |
|---|
Additional Information
| Date Listed | April 4th, 2024 |
|---|---|
| Days on Market | 26 |
| Zoning | LAC2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Steven Sarahang |
|---|---|
| Office | Flat Fee Inc. |