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1925 Crenshaw Blvd
Los Angeles, CA 90016 Mid-City

$7,125,000 USD

Land For Sale  •  0.53 AC

Property Details

  • Property Type Land
  • Lot Size 0.53 AC
  • Zoning LAC2-2D-CPIO (Tier 3)
54 Transit Score
87 Walk Score

Description

The property is zoned LAC2-2D-CPIO (West Adams-Baldwin Hills-Leimert). This will allow a developer to build an approximately 138,624 SF building, based on a FAR of 6:1 (Buyer to verify). There is no height limit. By right a Developer can build 58 units. 98 -104 units with the affordable housing density bonus. The property is in a Transit Oriented Community ("TOC") Tier 3 area. State Enterprise Zone district also applies. The property is not located in an Opportunity Zone.

Highlights

Short term lease, 2 years, no additional options
Value Add
Signalized Corner
~138,625 buildable sf
6:1 FAR
Favorable State and Local Law to Maximize Density and Entitlement Timeline

Public Transportation

Commuter RailDriveWalkDistance
12 min - 7.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 7.3 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 10.1 mi
Bob Hope 28 min - 13.7 mi
Long Beach (Daugherty Field) 34 min - 25.0 mi
Marc Perlof 310-774-3721 Keller Williams Advisors CA
Marc Perlof 310-774-3721 Keller Williams Advisors CA