7323 Crenshaw BLVD, Los Angeles, CA 90043 - MLS#SR25009248

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$1,125,000

Est. payment - /mo

8,829 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR25009248

HOA Y/N No

Lot Size 8,829 Sqft

Property Description

(APPROVED PLANS FOR 18 UNITS) 7323 Crenshaw Blvd, This corner lot is 8831sf, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located near LAX and 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. Currently the plans are Approved 18 units apartment building with carport, this project will be affordable housing TOC Tier 3. Easy to start building with the older building demolished; possible to build 26 units or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through executive directive 1 if a 100% affordable housing project is pursued. the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include several multi unit projects in the area.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Exterior

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

View None

Present Use Commercial,Multi-Family

Building

Lot Description Corner Lot, Near Public Transit, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4012018001

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Steven Sarahang • Flat Fee Inc. • 818-402-4266

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755

7323 Crenshaw BLVD Los Angeles, CA 90043

Ricardo Gil Jr

Key Details

Location

Interior

Exterior

Building

Others

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