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.
Property Details
Price:
$1,125,000
MLS #:
SR25009248
Status:
Active
Baths:
0
Address:
7323 Crenshaw Boulevard 4012018001
Type:
Land
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
90043
Lot Size:
8,831 sqft / 0.20 acres (approx)
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- Address7323 Crenshaw Boulevard 4012018001 Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
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7323 Crenshaw Boulevard 4012018001
Los Angeles, CA
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