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- LoopNet Team
4345 Crenshaw Blvd
Los Angeles, CA 90008
Land For Sale
·
0.35 AC
INVESTMENT HIGHLIGHTS
- Single parcel development opportunity located in Los Angeles’ Leimert Park neighborhood between W Vernon Ave and Homeland Dr
- Located just across from the new Leimert Park Metro Station, part of the Metro Crenshaw/LAX Line
- The subject property features a large lot of 15,200 SF of vacant land, zoned C1.5-1-SP in a Tier 4 TOC
- The subject property features a high walk score of 89 with close proximity to transportation options as well as major retail developments
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.35 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Zoning | C1.5-1-SP - Restricted Density Multiple Dwelling | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.35 AC |
| No. Stories | 1 |
| Zoning | C1.5-1-SP - Restricted Density Multiple Dwelling |
DESCRIPTION
Marcus & Millichap is pleased to present 4345-4357 Crenshaw Boulevard, in Los Angeles, CA. This unique development opportunity features one parcel totaling 15,200 SF of land in the up and coming Leimert Park neighborhood. This offering presents a developer the opportunity to acquire a parcel located just across the street from the new Leimert Park Metro Station at a low price per square foot of $197. The parcel is zoned C1.5-1-SP in a Tier 4 TOC area, allowing a developer to potentially build up to 69 units by utilizing the density bonus with an affordable component. The Leimert Park neighborhood continues to grow at a rapid pace with several major retail and mixed-use projects underway. 4421 Crenshaw Boulevard is located just down the street from the Baldwin Hills Crenshaw Plaza, an 870,000 SF retail and restaurant center; as well as Marlton Square, a planned 22 acre mixed-use development; and District Square, another mixed-use development totaling 300,000 SF.
PROPERTY TAXES
| Parcel Number | 5024-006-012 | Improvements Assessment | $1,167,328 |
| Land Assessment | $2,387,718 | Total Assessment | $3,555,046 |
PROPERTY TAXES
