6200-6206 Crenshaw, Los Angeles, CA 90043

6200-6206 Crenshaw, Los Angeles, CA 90043

Los Angeles, CA
$3,500,000

Property Description

INVESTMENT HIGHLIGHTS

  • 2 adjacent parcel totaling 21,555 sf with 120 ft of frontage along Crenshaw Blvd
  • C2 zoning(providing for R4 usage) with Tier 3 TOC, allows for building incentives including 70% density bonus, 50% increase in FAR
  • 2 blocks from Crenshaw/LAX Expo Line. Nearest metro station located approximately 2 blocks away
  • Hyde Park location on Crenshaw Blvd. Squeezed on all sides by trending neighborhoods and in the path of a number of developments
  • Reduced parking requirements

EXECUTIVE SUMMARY

The James Group is pleased to present 6200-6212 Crenshaw Blvd. The subject property is a 21,555 square foot development site with 120 linear feet of frontage along Crenshaw Blvd in the Hyde Park submarket of Los Angeles. The site offers a rare opportunity to develop on a flat parcel two blocks away from the Slauson /Crenshaw metro stop. Currently the site improvements consist of a vacant storage unit and a billboard located on the Southwestern corner of the lot. The proximity to public transportations has placed the subject property in a tier 3 transit oriented community area, allowing for density bonuses, reduced parking requirements and setbacks. The zoning and introduction of the metro line along Crenshaw Blvd has spurred a number of larger developments in the neighborhood proving this location is prime for development. Please reach out to the listing agents to discuss current easements and development potential. With the introduction of the metro stop and proximity to Southern California’s biggest venues including Sofi Stadium, The Forum, YouTube Arena, and Hollywood Park, and the number of residential developments in the area, the subject property offers a future investor the opportunity to develop a proven location, squeezed on all sides by progress and development. Please call listing agents to discuss specific site details that may affect certain developments.

Property Features

  • Sale Price: $3,500,000
  • Land Area: 21,555 Sq. Ft.
  • Listing Date: 7/14/2023

Lyon Stahl Investment Real Estate

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