Listing by: Derrick Smith, Coldwell Banker Realty
0 Beds
n/a Full bath
n/aSqFt
Active
**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.