7323 Crenshaw BLVD, Los Angeles, CA 90043 – SR24013428

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Gary Heflin

gheflin7@gmail.com +1(619) 379-1758

$ 1,280,000

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7323 Crenshaw BLVD Los Angeles, CA 90043

8,829 Sqft Lot

UPDATED:

10/02/2024 06:16 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24013428

HOA Y/N No

Lot Size 8,829 Sqft

Property Description

(APPROVE PLAN FOR 4 STORY 18 UNIT) 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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Exterior

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

View None

Present Use Commercial,Multi-Family

Building

Lot Description Corner Lot, Near Public Transit, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4012018001

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Steven Sarahang • Flat Fee Inc. • 818-402-4266

Gary Heflin

Agent | License ID: 01356275

+1(619) 379-1758

Gary Heflin

7323 Crenshaw BLVD Los Angeles, CA 90043

Key Details

Location

Interior

Exterior

Building

Others

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7323 Crenshaw BLVD