Listing by: Derrick Smith, Coldwell Banker Realty

0 Beds

n/a Full bath

n/aSqFt

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**Developers /Investors** We are proud to exclusively present for sale an incredible Development Opportunity centrally located in prime Leimert Park. Situated on a prime corner lot of Crenshaw Blvd and 48th Street, this approx. 7,731 SqFt C2-Zoned lot features 50x155 ft dimensions, Tier 3 TOC, and is located in the QUALIFIED OPPORTUNITY FUND ZONE for tax incentives to investors! This existing 781 SF retail building will be delivered VACANT. The possibilities are endless including new construction Townhomes, Mixed-use commercial, Senior-Living Facility, or an Affordable Housing Project. This property is SB8 exempt and SB 684 which is ideal for a small lot subdivision. Conveniently located near the new Crenshaw Metro Line and Destination Crenshaw, which is a unique open-air museum currently under construction. Sale also includes RTI plans for a proposed 6-unit (three-duplexes) development. Property to be sold in AS-IS condition. Buyer to do their own due diligence and research to the development potential. Do not miss out on this special opportunity!

Property Details
Price $1,195,000
Lot Size Area 7742
Lot Size Area Units Square Feet
Acres 0.1777
Property Type Land
View None
Geographic Data
Directions Google Maps
County Los Angeles
Latitude 34.000197
Longitude -118.329709
Market Area PHHT - Park Hills Heights
Address Information
Address 3313 W 48th Street, Los Angeles, CA 90043
Postal Code 90043
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Coldwell Banker Realty
Listing Agent Derrick Smith
Special listing conditions Standard
MLS Information
Days on market 1
MLS Status Active
Listing Date Jan 26, 2025
Listing Last Modified Jan 28, 2025
Tax ID 5013021001
MLS Area PHHT - Park Hills Heights
MLS # 25489671

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