CA > Los Angeles
Los Angeles, CA 90043,5471 Crenshaw BLVD
Los Angeles, CA 90043,5471 Crenshaw BLVD
Los Angeles, CA 90043,5471 Crenshaw BLVD
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$3,995,000
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5,317 SqFt
Active Under Contract

5471 Crenshaw BLVD Los Angeles, CA 90043

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Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

10/03/2024 12:06 AM

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,317 sqft

Price per Sqft $751

MLS Listing ID 23255455

HOA Y/N No

Year Built 1963

Lot Size 0.550 Acres

Property Description

$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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 25

Building

Story 1

Others

Tax ID 5006005028

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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