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$ 1,125,000
Est. payment /mo
Active
7323 Crenshaw Los Angeles, CA 90043
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25009248
Property Sub-Type Lots/Land
Property Description
Back on the marker (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.
Location
State CA
County Los Angeles
Direction Crenshaw Blvd and 74th St
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas, Telephone
View Y/N No
Present Use Commercial
Others
Tax ID 4012018001
Listed by Steven Sarahang Flat Fee Inc.