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$2M Price Reduction - 23,979sf LAC2 Land 5471 Crenshaw Blvd
5,528 SF Retail Building Los Angeles, CA 90043 $3,995,000 ($723/SF)
Investment Highlights
- 1 block away from a Metro Rail stop
- Corner lot on a signalized intersection
- 23,979sf of C2 Tier 4 TOC land
Executive Summary
The building is currently improved with a +/-5,317sf commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM’s on the property with 4 years remaining on their initial lease term. Whether you’re a business seeking a high visibility location, or an investor seeking a covered land play, the property is well positioned to provide profits for future generations.
The Crenshaw corridor is going through significant upgrades with nearby developments include The Crenshaw Lofts (195 units), 4252 Crenshaw Blvd (111 units), 4827 Crenshaw Blvd (32 units), 5300 Crenshaw Blvd (82 units), 5144 Crenshaw Blvd (78 units), and the $1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza!
5471 Crenshaw Blvd presents one of the last few remaining 20,000+sf sites along the Crenshaw Blvd corridor, with an estimated cost of $167/sf on land, and $37K/developable unit, well below comparable sales nearby.
Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.
Property Facts
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
REDUCED RATE!!! We are pleased to present this 5,500sf +/- retail building that is located along the booming Crenshaw Blvd corridor and just steps away from the LAX-Crenshaw Metro Rail Line. Located on a large 24,000sf +/- lot with 20+ parking spaces available, the building is ideal for a tenant that is seeking a significant street presence, such as 7-11, Starbucks, Dunkin Donuts, general office, creative office, etc. This property is primed for a tenant to take advantage of the high pedestrian traffic from the adjacent Metro Rail Line and over 40,000+ vehicles per day on Crenshaw Blvd. With its corner lot location and 3 curb cuts, there is potential for a drive thru with the building's existing layout. The building was previously occupied by Bank of America and is currently built out as a bank with teller windows, bank vault, etc. Ownership is willing to implement a Tenant Improvement plan to cater to a tenant's needs. Ownership will consider short term leases for TV or Movie production companies seeking a fully built out bank space for shoots. Please contact the listing broker for additional information.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 500-5,528 SF | Retail | - | Now |
1st Floor
| Size |
| 500-5,528 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 500-5,528 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
REDUCED RATE!!! We are pleased to present this 5,500sf +/- retail building that is located along the booming Crenshaw Blvd corridor and just steps away from the LAX-Crenshaw Metro Rail Line. Located on a large 24,000sf +/- lot with 20+ parking spaces available, the building is ideal for a tenant that is seeking a significant street presence, such as 7-11, Starbucks, Dunkin Donuts, general office, creative office, etc. This property is primed for a tenant to take advantage of the high pedestrian traffic from the adjacent Metro Rail Line and over 40,000+ vehicles per day on Crenshaw Blvd. With its corner lot location and 3 curb cuts, there is potential for a drive thru with the building's existing layout. The building was previously occupied by Bank of America and is currently built out as a bank with teller windows, bank vault, etc. Ownership is willing to implement a Tenant Improvement plan to cater to a tenant's needs. Ownership will consider short term leases for TV or Movie production companies seeking a fully built out bank space for shoots. Please contact the listing broker for additional information.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5006-005-028 | Improvements Assessment | $547,250 |
| Land Assessment | $1,456,560 | Total Assessment | $2,003,810 |
PROPERTY TAXES
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$2M Price Reduction - 23,979sf LAC2 Land | 5471 Crenshaw Blvd
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