Under contract
5471 Crenshaw Blvd
Los Angeles CA, 90043
$3,995,000
$166.60 per sqft
Under contract
0.55 Acres
Land
$2M Price Reduction! 5471 Crenshaw Blvd, a +/- 23,979sf C2-2D zoned, Tier 4 TOC, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located just 1-block away from the new LAX to Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. 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, in line with comparable sales nearby.
23-255461
MLSⓇ ID
March 29, 2023
Listed
November 22, 2024
Updated
Map
5471 Crenshaw Blvd
Los Angeles CA, 90043
Exterior/Building Features
Lot Size
0.55 Acres
Other Property Details
Area Name
Park Hills Heights
Days on Market
553
Garage
No
View
Yes
View Description
City
County
Los Angeles
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
---|---|---|
10/2/2024 | Under contract | — |
5/21/2024 | Active | — |
1/30/2024 | Under contract | — |
12/13/2023 | Price change | $3,995,000 -15% |
Listed by Casey Lins with Kidder Mathews of California, Inc.
Listing Contact: 714-333-6768
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024