Under contract
Active Under Contract
5471 Crenshaw Boulevard
Los Angeles CA, 90043
$3,995,000
$166.60 per sqft
Under contract
Active Under Contract
0.55 Acres
Land
Listed by Casey Lins with Kidder Mathews of California, Inc. 714-333-6768
$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.
23255461
MLSⓇ ID
March 29, 2023
Listed
October 17, 2024
Updated
Map
5471 Crenshaw Boulevard
Los Angeles CA, 90043
Exterior/Building Features
Lot Size
0.55 Acres
Other Property Details
Area Name
PHHT - Park Hills Heights
Days on Market
553
Garage
No
Parking Total
0
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
---|---|---|
10/3/2024 | Under contract | — |
5/21/2024 | Active | — |
1/30/2024 | Under contract | — |
12/13/2023 | Price change | $3,995,000 -15% |
8/2/2023 | Price change | $4,650,000 -7% |
Listing Contact: 858-369-3010
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 12:38 PM UTC