$ 1,280,000
7323 Crenshaw BLD Los Angeles, CA 90043
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$ 1,280,000
Est. payment /mo
Price Dropped by $119K
7323 Crenshaw BLD Los Angeles, CA 90043
8,831 Sqft Lot
UPDATED:
10/02/2024 06:19 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24013428
Originating Board California Regional MLS
Lot Size 8,831 Sqft
Property Description
(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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning PRKG,TNS,LV
Exterior
Utilities Available Electricity - On Site, Other , Telephone - Not On Site
View None
Building
Water District - Public
Others
Tax ID 4012018001
Special Listing Condition Not Applicable
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Listed by Steven Sarahang • Flat Fee Inc.