New Listing
7323 Crenshaw Boulevard,Los Angeles, CA 90043
Los Angeles, CA 90043
Description
Approved Plans for 18 Units - MULTIFAMILY DEVELOPMENT OPPORTUNITY located within a designated Opportunity Zone along the rapidly evolving Crenshaw Boulevard corridor. Situated on an approximately 8,831 SF corner lot, 7323 Crenshaw Blvd is being offered with a four-story apartment building consisting of 16 market-rate units and only 2 affordable units. The approved project features an attached carport, elevator, rooftop amenity area and bicycle parking and is designated TOC Tier 3.With plans approved and the project fully RTI, a developer has the opportunity to bypass much of the lengthy entitlement and design process and move directly toward construction. Ideally positioned at Crenshaw Blvd and 74th Street with convenient access to LAX, SoFi Stadium, Intuit Dome, USC, West Adams, Culver City and DTLA. An exceptional opportunity for a developer or investor seeking a ready-to-build multifamily project in Los Angeles. Buyer to independently verify all plans, permits, zoning, Opportunity Zone designation, TOC incentives, affordable housing requirements and development potential. Contact Listing Agent for Offering Memorandum with development breakdown and property potential!
Details
| MLS # | 26874875 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 6 |
| Listing Provided By | Christie's International Real Estate SoCal | Steven Marin |
Features
| Zoning | LAC2 |
|---|---|
| Acreage | 0.20 |
Exterior
| Security Features | Gated Community |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90043) | |
Price: $1,195,000 low | high Med: $1,337,500 On site: 6 low | high Med: 32.5 | |
Market Activity 90043
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90043) | |
Price: $1,195,000 low | high Med: $1,337,500 On site: 6 low | high Med: 32.5 | |
