3501-3519 Crenshaw blvd - Land Assemblage Adjacent to Metro Rail Line!
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3501-3519 Crenshaw blvd - Land Assemblage Adjacent to Metro Rail Line!
0.64 Acres of Commercial Land in Los Angeles, CA 90016
Executive Summary
We are pleased to present Gateway on Crenshaw, a RTI 136 unit + commercial development opportunity located along one of the most dynamic corridors in the country with an Opportunity Zone designation. As a cornerstone to the West Adams and Crenshaw corridor neighborhood, the property is primed from a development firm to take advantage of this dynamic and ever improving location.
The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1, 2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a ±330 unit 7-story project, or a ±180 unit 5-story project.
Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, Santa Monica, Downtown Los Angeles, and the South Bay.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1, 2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a ±330 unit 7-story project, or a ±180 unit 5-story project.
Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, Santa Monica, Downtown Los Angeles, and the South Bay.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
Property Facts
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.64 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.64 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 0.64 AC |
| Lot Size | 0.64 AC |
LAC2-2D, Tier 4 TOC. RTI for 136 residential units + commercial. Opportunity Zone.
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $10,531,500 | Total Assessment | $10,531,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,531,500
Improvements Assessment
$0
Total Assessment
$10,531,500
zoning
| Zoning Code | LAC2-2D (LAC2-2D, Tier 4 TOC. Opportunity Zone.) |
| LAC2-2D (LAC2-2D, Tier 4 TOC. Opportunity Zone.) |
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Casey Lins -
Kidder Mathews
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3501-3519 Crenshaw blvd - Land Assemblage Adjacent to Metro Rail Line!
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