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- LoopNet Team
5300 Crenshaw Blvd
Los Angeles, CA 90043
Land For Sale
·
0.44 AC
INVESTMENT HIGHLIGHTS
- Proposed 5-Story, 82 Apartments Plus 1,847SF of Street Retail
- Within an Opportunity Zone
- Phenomenal Exposure on Crenshaw Boulevard with the New Metro K Line Directly In Front of the Property
- Property Will Be Delivered “Ready-to-Issue” (RTI) at the Close of Escrow
- Located in an Exceptionally Strong & Gentrifying Rental Market in the Hyde Park/Leimert Park Area of Los Angeles
- Near the Inglewood Border, New NFL & NBA Stadiums & The Forum
PROPERTY FACTS
DESCRIPTION
Morgan Skenderian is pleased to offer “5300 Crenshaw”, a 5-story, 82-unit apartment plus retail development site located in the booming Crenshaw/Leimert Park/Hyde Park area of Los Angeles. The offering is a large, 19,007 square foot corner lot which has phenomenal street exposure along Crenshaw Boulevard. The new light rail Metro K Line (not yet open) runs directly in front of the property, allowing a developer to maximize square feet allowed on the site in addition to being a huge transportation amenity to future tenants. This development is also located squarely within an “Opportunity Zone”, offering exceptional tax advantages to a developer looking to hold the property for 10+ years.
