(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.
LISTING AGENT: Steven Sarahang LISTING BROKERAGE: Flat Fee Inc.
Courtesy of Flat Fee Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 7323 Crenshaw Boulevard 4012018001
Los Angeles, CA
Property Details
Price:
$1,280,000
MLS #:
SR24013428
Status:
Active
Baths:
0
Address:
7323 Crenshaw Boulevard 4012018001
Type:
Land
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Apr 4, 2024
State:
CA
ZIP:
90043
Lot Size:
8,831 sqft / 0.20 acres (approx)
See this Listing
Schools
Interior
Exterior
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Electric
Electricity – On Property
Lot Features
Corner Lot, Near Public Transit, Value In Land
Sewer
Public Sewer
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Map
Community
- Address7323 Crenshaw Boulevard 4012018001 Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
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