Courtesy of: Neema Ahadian 01346750 | Marcus & Millichap
Purchase Type: Sale
MLS ID: 21-709456
Days On Market: 54
Lot size: 0.35
Property Type: Residential Land
New Construction: No
Swimming Pool: No
Address: 4345 Crenshaw Blvd
County: Los Angeles
City: Los Angeles
Neighborhood: Park Hills Heights
This unique development opportunity features one parcel totaling 15,200 SF of land in the up and coming Leimert Park neighborhood.This offering presents a developer the opportunity to acquire a parcel located just across the street from the new Leimert Park Metro Station at a low price per square foot of $197. The parcel is zoned C1.5-1-SP in a Tier4 TOC area, allowing a developer to potentially build up to 69 units by utilizing the density bonus with an affordable component.The Leimert Park neighborhood continues to grow at a rapid pace with several major retail and mixed-use projects underway. 4421Crenshaw Boulevard is located just down the street from the Baldwin Hills Crenshaw Plaza, an 870,000 SF retail and restaurant center; as well as Marlton Square, a planned 22 acre mixed-use development; and District Square, another mixed-use development totaling 300,000 SF.
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