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5879 Crenshaw Blvd - Crenshaw Metro Development

0.19 Acres of Commercial Land Offered at £1,560,988 in Los Angeles, CA 90043

Investment Highlights

  • Lots of density
  • Across the street from Metro Station
  • 38 units with TOC

Executive Summary

New 100% Affordable Senior Housing ED1 Project at just $52,500 per Buildable Unit with One and Two bedrooms! Located at 5879 Crenshaw Boulevard, Los Angeles, CA 90043, this prime land is listed for sale at $1,995,000, with a price per buildable unit of approximately $52,500. The property falls under several strategic zoning designations: LAC2-2D-SP, Transit Oriented Communities (TOC) Tier 4, RPA Crenshaw/Slauson, a Hubzone, and the Los Angeles State Enterprise Zone. Positioned at the intersection of Crenshaw Blvd and W. 59th St, it is across the street from the Hyde Park Metro stop of the new K Line. According
to Governmental Code 69515, any 100% affordable housing can have unlimited density if it is located 0.5 mile within a Major Transit Stop.

Attachments

5879 Crenshaw_PI

Property Facts

Price £1,560,988 Property Subtype Commercial
Sale Type Investment Proposed Use Multifamily
No. Lots 1 Total Lot Size 0.19 AC
Property Type Land
Price £1,560,988
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.19 AC

1 Lot Available

Lot

Price £1,560,988 Lot Size 0.19 AC
Price Per AC £8,075,592
Price £1,560,988
Price Per AC £8,075,592
Lot Size 0.19 AC

LAC2 TOC Tier 4. Crenshaw/Slauson Metro stop just across the way.

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5879 Crenshaw Blvd, Los Angeles, CA - aerial map view
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code LAC2 (TOC Tier 4)
LAC2 (TOC Tier 4)
(213) 446-3636

  • Listing ID: 32250338

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: 5879 Crenshaw Blvd, Los Angeles, CA 90043

The Land Property at 5879 Crenshaw Blvd, Los Angeles, CA 90043 is currently available For Sale. Contact Total Realty Group for more information.

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© 2024 CoStar Group

5879 Crenshaw Blvd - Crenshaw Metro Development
(213) 446-3636 x

5879 Crenshaw Blvd - Crenshaw Metro Development

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Stephen Watson

(213) 446-3636

(213) 446-3636

Michael Fukushima

(818) 321-6490

(818) 321-6490

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