7323 Crenshaw Boulevard 4012018001
Los Angeles, CA, 90043
$1,280,000
Beds
0 Baths
SqFt
0.2 Acres
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(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.

Property Details

Price:
$1,280,000
MLS #:
SR24013428
Status:
Active
Baths:
0
Address:
7323 Crenshaw Boulevard 4012018001
Type:
Land
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Apr 4, 2024
State:
CA
ZIP:
90043
Lot Size:
8,831 sqft / 0.20 acres (approx)
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Corner Lot, Near Public Transit, Value In Land
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7323 Crenshaw Boulevard 4012018001
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