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7323 Crenshaw Boulevard

Los Angeles (City), CA 90043
  • $1,595,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: SR24013428
Price Reduced
$1,595,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Steven Sarahang of Flat Fee Inc. (818-402-4266)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T22:34:59.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Action Realty. Licensed in the State of California, USA.
www.actionrealtyca.com/homes/149221662
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7323 Crenshaw Boulevard Los Angeles (City), CA 90043

  • Price: $1,595,000
  • Status: Active
  • On Site: 40 Days
  • ID#: SR24013428
0
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
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.
Exterior Features

Lot Features Corner LotNear Public TransitValue In Land Road Frontage Type City Street View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features CurbsStorm Drain(s)Street LightsSidewalks Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailablePhone AvailablePhone ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T22:34:59.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Action Realty. Licensed in the State of California, USA.
 
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Action Realty
1664 Montgomery St
Oroville CA, 95965
Listing Agent(s): Steven Sarahang of Flat Fee Inc. (818-402-4266)