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For Sale

$1,195,000

8,830 sqft$135/sqft80 days on market

7323 Crenshaw Boulevard

Los Angeles, CA 90043

· 8% down, 7% APR, 30yr fixed

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Beds

—

Baths

8,830

Square feet

1952

Built

Listing narrative

Description

Approved Plans for 18 Units - MULTIFAMILY DEVELOPMENT OPPORTUNITY located within a designated Opportunity Zone along the rapidly evolving Crenshaw Boulevard corridor. Situated on an approximately 8,831 SF corner lot, 7323 Crenshaw Blvd is being offered with a four-story apartment building consisting of 16 market-rate units and only 2 affordable units. The approved project features an attached carport, elevator, rooftop amenity area and bicycle parking and is designated TOC Tier 3.With plans approved and the project fully RTI, a developer has the opportunity to bypass much of the lengthy entitlement and design process and move directly toward construction. Ideally positioned at Crenshaw Blvd and 74th Street with convenient access to LAX, SoFi Stadium, Intuit Dome, USC, West Adams, Culver City and DTLA. An exceptional opportunity for a developer or investor seeking a ready-to-build multifamily project in Los Angeles. Buyer to independently verify all plans, permits, zoning, Opportunity Zone designation, TOC incentives, affordable housing requirements and development potential. Contact Listing Agent for Offering Memorandum with development breakdown and property potential!

Listing agent (MLS): Steven Marin · Listing brokerage (MLS): Christie's International Real Estate SoCal

Property Details

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Price

$1,195,000

Beds

Beds n/a

Type

Commercial

Home Size

8,830 sqft

Baths

Baths n/a

Lot Size

0.20 acres

Year

1952

Status

For Sale

Days on Market

80

$ / Sqft

$135

· 8% down, 7% APR, 30yr fixed
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Courtesy of Christie's International Real Estate SoCal