Listing by: Steven Sarahang, Flat Fee Inc., 818-402-4266

0 Beds

n/a Full bath

n/a SqFt

Active

(APPROVE PLAN FOR 4 STORY 18 UNIT) 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.

Property Details
Price $1,280,000
Property Style Commercial,Multi-Family
Lot Size Area 8831
Lot Size Area Units Square Feet
Acres 0.2027
Property Type Land
Features Electricity Available,Electricity Connected,Natural Gas Available,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Exterior Features Curbs,Sidewalks,Storm Drains,Street Lights
View None
Lot Description Corner Lot,Near Public Transit,Value In Land
Association Fee 0
Geographic Data
Directions Crenshaw Blvd and 74th St
County Los Angeles
Latitude 33.972882
Longitude -118.331226
Market Area PHHT - Park Hills Heights
Address Information
Address 7323 Crenshaw Boulevard, Los Angeles, CA 90043
Postal Code 90043
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Flat Fee Inc.
Listing Agent Steven Sarahang
Listing Agent Phone 818-402-4266
Attribution Contact 818-402-4266
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership Planned Development
MLS Information
Days on market 172
MLS Status Active
Listing Date Apr 5, 2024
Listing Last Modified Oct 2, 2024
Tax ID 4012018001
MLS Area PHHT - Park Hills Heights
MLS # SR24013428

This information is believed to be accurate, but without any warranty.
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