Thank you
Casey Lins
Kidder Mathews of California, Inc.
858-369-3010
$2M Price Reduction! 5471 Crenshaw Blvd, a +/- 23,979sf C2-2D zoned, Tier 4 TOC, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located just 1-block away from the new LAX to 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. The building is currently improved with a +/-5,317sf commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM's on the property with 4 years remaining on their initial lease term. Whether you're a business seeking a high visibility location, or an investor seeking a covered land play, the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include The Crenshaw Lofts (195 units), 4252 Crenshaw Blvd (111 units), 4827 Crenshaw Blvd (32 units), 5300 Crenshaw Blvd (82 units), 5144 Crenshaw Blvd (78 units), and the $1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza! 5471 Crenshaw Blvd presents one of the last few remaining 20,000+sf sites along the Crenshaw Blvd corridor, with an estimated cost of $167/sf on land, and $37K/developable unit, in line with comparable sales nearby.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.5505
Lot Size Source: Other
Lot Size Square Feet: 23979
Original List Price: 3,995,000
Listing Contract Date: 2023-03-29
Listing Agreement: Seller Reserved
Parcel Number: 5006005028
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: PHHT - Park Hills Heights
Postal Code Plus 4: 2407
Directions: Google Maps: 5471 Crenshaw Blvd. Los Angeles, CA 90043
Zoning: LAC2
Source Property Type: Land
Area: PHHT - Park Hills Heights
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5739 2nd Ave, Los Angeles, CA,90043 | $679,000 | 3 | 2 | 1,209 | 4922 Sqft |
4720 6th Avenue, Los Angeles, CA,90043 | $680,000 | 4 | 2 | 2,239 | 6779 Sqft |
4239 W 59th Street, Los Angeles, CA,90043 | $1,299,999 | 3 | 2 | 2,000 | 5374 Sqft |
3616 W 61st Street, Los Angeles, CA,90043 | $899,000 | 4 | 4 | 6,466 | 6466 Sqft |
3702 W 59th Place, Los Angeles, CA,90043 | $900,000 | 2 | 2 | 1,128 | 6750 Sqft |
5965 West Boulevard, Los Angeles, CA,90043 | $740,000 | 6 | 3 | 2,135 | 3750 Sqft |
3846 W 58th Place, Los Angeles, CA,90043 | $1,135,000 | 5 | -- | 2,002 | 5401 Sqft |
3123 Hyde Park Street, Los Angeles, CA,90043 | $795,000 | 3 | 2 | 1,147 | 3895 Sqft |
5822 Madden Avenue, Los Angeles, CA,90043 | $840,000 | 3 | 2 | 1,459 | 4801 Sqft |
6727 7th Avenue, Los Angeles, CA,90043 | $625,000 | 2 | 1 | 980 | 4802 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 09:16
MLS: 23255461
LISTED BY: Casey Lins, Kidder Mathews of California, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.