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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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7323 Crenshaw Boulevard,  Los Angeles CA, 90043

(Active)
$1,650,000
|
|
MLS# SR24013428
Last Updated: 5/10/2024 11:42 AM
Description for 7323 Crenshaw Boulevard Los Angeles, CA 90043
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.
Price
$1,650,000
Los Angeles
SR24013428
Active
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.
Listing Information
Property Type: Land, Other
0.2 Acres Assessor
Public
Public Sewer
Electricity Available,Electricity Connected,Natural Gas Available,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAC2
Corner Lot,Near Public Transit,Value In Land
Driving Directions
Crenshaw Blvd and 74th St
Financial Considerations
4012018001
Cash,Cash to New Loan
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,956,168.

The median household income in Los Angeles, California 90043 is $57,043. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90043 is 38 years.

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Listing Agent: Steven Sarahang CalDRE: 01386940 - Flat Fee Inc., 818-402-4266
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