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5125 Crenshaw Boulevard

Los Angeles CA 90043

12007 sq. ft.
Land
Currently for sale - view listing

Overview

Opportunity to Convert Building to 24 Units With Bathroom and Kitchenette . Seller may Carry. Seller will consider renting the vacant property. Owner User or a development opportunity consisting of 11,999 SQ. FT. of C2-2 Land located in a Qualified Opportunity Zone. This Tier 3 TOC lot with 75 feet frontage, offers developers many options of building between 30-54 units (buyer to verify) The property will be delivered vacant at the close of escrow and has a current structure on the property that has over 8,360 sq. ft. Crenshaw Blvd has several development sites in the works and has become a very popular destination for developers. Besides the tear down option, the seller also has plans to subdivide the current building into 27 units to be used for a homeless shelter.

Features

12007 sq. ft. lot size
Land

Happy sellers in Los Angeles

80%
80% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 1 land similar to 5125 Crenshaw Boulevard, have been sold.

This represents a 50% increase in land plots sales when compared to the previous 12 months.

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