$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.
Property Details
Price:
$3,995,000
MLS #:
23255461
Status:
Active Under Contract
Baths:
0
Address:
5471 Crenshaw Boulevard 5006005028
Type:
Land
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Mar 29, 2023
State:
CA
ZIP:
90043
Lot Size:
23,979 sqft / 0.55 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
View
City Lights
Financial
Map
Community
- Address5471 Crenshaw Boulevard 5006005028 Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
Similar Listings Nearby
- 7311 S Figueroa Street 6020025014
Los Angeles, CA$4,995,000
3.03 miles away
- 854 S Normandie Avenue 5094018001
Los Angeles, CA$4,650,000
4.83 miles away
- 1437 12th Avenue 5072007012
Los Angeles, CA$4,500,000
3.76 miles away
- 6313 Brynhurst Avenue 4006007007
Los Angeles, CA$3,975,000
0.63 miles away
- 955 S Ardmore Avenue 5080031002
Los Angeles, CA$3,500,000
4.63 miles away
- 1338 W Manchester Avenue 6047001008
Los Angeles, CA$3,500,000
2.83 miles away
- 4424 S Western Avenue 5016004004
Los Angeles, CA$3,100,000
1.53 miles away
- 843 W 82nd Street 6032006020
Los Angeles, CA$2,995,000
3.06 miles away
- 736 E Vernon Avenue 5108002035
Los Angeles, CA$2,995,000
4.01 miles away
Courtesy of Kidder Mathews of California, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5471 Crenshaw Boulevard 5006005028
Los Angeles, CA
LIGHTBOX-IMAGES