7615 Crenshaw Blvd

Estimated Monthly Payment: $5,700/mo 7615 Crenshaw Blvd, Los Angeles, CA 90043 MLS# 21-731262 Residential Income Listing Status: Active
5,625 sqft
70
23
0
0

REMARKS:

Development opportunity in Park Mesa Heights located at 7615 Crenshaw Blvd - this four (4) unit Retail Property is located in South Los Angeles. The two (2) story property consists of Four (4) commercial units on the ground floor and one non-conforming 1 BR / 1BA Unit on the second floor. One (1) retail unit is currently vacant. Three out of the four units have been recently updated and are all Month to Month. The new owner/investor will benefit from this fantastic Development/Retail added value opportunity located in a Tier 3 Transit Oriented Community (TOC) on an 8, 250 SF lot zoned C2-1VL-CPIO. The property could be developed for Retail, Multifamily, Mixed-Use, and a myriad of other usages (BUYER TO VERIFY). The location of the property in the heart of Los Angeles in close proximity to the new Sofi Stadium, the Nipsey Hussle Square, retail shopping restaurants, and the future metro line. This is a fantastic opportunity to develop in one of Los Angeles up and coming communities. A savvy Developer or Non-Profit Organization could take advantage of these programs in order to increase the number of buildable units through density bonuses at the Development Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs (BUYER TO VERIFY).

OVERVIEW:

Residential Income
Active
1949
0.19
5625
None
None
None
None

FEATURES:

None

FINANCIAL:

$1,250,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Dionya Jackson - Keller Williams Silicon Beach

 

01949460 

 

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Data last updated: 07/30/2021