Skip To Content

    7615 Crenshaw Blvd

    Los Angeles, CA 90043
    • $1,250,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 21-731262
    $1,250,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,625
      SQFT
    • $222
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Development opportunity in Park Mesa Heights located at 7615 Crenshaw Blvd - this four (4) unit Retail Property is located in South Los Angeles. The two (2) story property consists of Four (4) commercial units on the ground floor and one non-conforming 1 BR / 1BA Unit on the second floor. One (1) retail unit is currently vacant. Three out of the four units have been recently updated and are all Month to Month. The new owner/investor will benefit from this fantastic Development/Retail added value opportunity located in a Tier 3 Transit Oriented Community (TOC) on an 8,250 SF lot zoned C2-1VL-CPIO. The property could be developed for Retail, Multifamily, Mixed-Use, and a myriad of other usages (BUYER TO VERIFY). The location of the property in the heart of Los Angeles in close proximity to the new Sofi Stadium, the Nipsey Hussle Square, retail shopping restaurants, and the future metro line. This is a fantastic opportunity to develop in one of Los Angeles up and coming communities. A savvy Developer or Non-Profit Organization could take advantage of these programs in order to increase the number of buildable units through density bonuses at the Development Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs (BUYER TO VERIFY).

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T23:42:46.717. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/117140444
    Print Image

    7615 Crenshaw Blvd Los Angeles, CA 90043

    • Price: $1,250,000
    • Status: Active
    • MLS #: 21-731262
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,625
    SQFT
    $222
    $/SQFT
    1949
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Development opportunity in Park Mesa Heights located at 7615 Crenshaw Blvd - this four (4) unit Retail Property is located in South Los Angeles. The two (2) story property consists of Four (4) commercial units on the ground floor and one non-conforming 1 BR / 1BA Unit on the second floor. One (1) retail unit is currently vacant. Three out of the four units have been recently updated and are all Month to Month. The new owner/investor will benefit from this fantastic Development/Retail added value opportunity located in a Tier 3 Transit Oriented Community (TOC) on an 8,250 SF lot zoned C2-1VL-CPIO. The property could be developed for Retail, Multifamily, Mixed-Use, and a myriad of other usages (BUYER TO VERIFY). The location of the property in the heart of Los Angeles in close proximity to the new Sofi Stadium, the Nipsey Hussle Square, retail shopping restaurants, and the future metro line. This is a fantastic opportunity to develop in one of Los Angeles up and coming communities. A savvy Developer or Non-Profit Organization could take advantage of these programs in order to increase the number of buildable units through density bonuses at the Development Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs (BUYER TO VERIFY).
    Exterior Features

    Lot Size Area 8250 Other Structures None Parking Garage None Total Parking 8

    Interior Features

    Baths Total 0.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 1062121 Gross Income 85236 Gross Operating Income 82986 Like Units1 4 Net Operating Income 52446.00 Number Of Buildings 1 Number Of Units 4 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units Retail Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Dionya Jackson DRE#01977801 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T23:42:46.717. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-731262-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-731262-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-731262-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260