(APPROVE PLAN FOR 4 STORY 18 UNIT)

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 submitted to the city for a 4 story 18 unit apartment buildin g with an attached carport, waiting for final approval, this prject 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.

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on 7323 Crenshaw Blvd
in Los Angeles, CA
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Property MLS #SR24013428 from CRMLS

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+ Land Info

Lot Description: Corner Lot, Near Public Transit, Value In Land
Lot Size Acres: 0.2027319
Lot Size Source: Assessor
Lot Size Square Feet: 8831

+ Exterior and Lot Features

Road Frontage Type: City Street

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Amenities and Community Features

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Current Use: Commercial, Multi-Family
Directions: Crenshaw Blvd and 74th St
Source Property Type: Land
Possible Use: Commercial, Multi-Family
Area: PHHT - Park Hills Heights
Source Neighborhood: PHHT - Park Hills Heights
Parcel Number: 4012018001
Postal Code Plus 4: 4929
Zoning: LAC2
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-07-17
$1,399,999
CRMLS

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Price Changed 2024-05-20
$1,595,000
CRMLS

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Listed 2024-04-05
$1,650,000
CRMLS

+ Utilities

Electric: Electricity - On Property
Sewer: Public Sewer
Electricity Available
Electricity Connected
Natural Gas Available
Phone Available
Phone Connected
Sewer Available
Sewer Connected
Water Available
Water Connected
Water Source: Public

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Seventy-Fourth Street Elementary School is a public elementary school located approximately 0.9 miles away.
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Horace Mann Ucla Community is a public middle and high school located approximately 1.1 miles away.
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Candy Lane Child Care Center is a private elementary school located approximately 0 miles away.
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