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Listed by Steven Sarahang • Flat Fee Inc.
$ 1,125,000
Est. payment /mo
Price Dropped by $125K
7323 Crenshaw BLD Los Angeles, CA 90043
8,831 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25009611
Originating Board California Regional MLS
Year Built 1952
Lot Size 8,831 Sqft
Property Description
(APPROVED PLANS FOR 18 UNITS) 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 Approved 18 units apartment building with carport, 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. just minutes from the new So-Fi Football stadium. The Clipper's new stadium is now under construction.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Interior
Laundry None
Exterior
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 4012018001
Special Listing Condition Not Applicable
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