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Multi-Family

4345 Crenshaw Blvd

4345 Crenshaw Blvd, Los Angeles, CA 90008

Listing Price: $3,000,000

Lot Size
0.35 acres
Price/Acre
$8,597,368
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present 4345-4357 Crenshaw Boulevard, in Los Angeles, CA. 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 $214. The parcel is zoned C1.5-1-SP in a Tier 4 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. 4421 Crenshaw 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.

Investment Highlights

  • Single parcel development opportunity located in Los Angeles' Leimert Park neighborhood between W Vernon Ave and Homeland Dr, in an up and coming neighborhood with many development projects nearby
  • The subject property features a large lot of 15,200 SF of vacant land, zoned C1.5-1-SP in a Tier 4 TOC.
  • Located just across from the new Leimert Park Metro Station, part of the Metro Crenshaw/LAX Line that serves the cities of Los Angeles, Inglewood, El Segundo, and Unincorporated LA County
  • The subject property features a high walk score of 89 with close proximity to transportation options as well as major retail developments such as the Balwin Hills Crenshaw Plaza, Marlton Square, and District Square

Exclusively Listed By

Multi-Family

4345 Crenshaw Blvd

Listing Price: $3,000,000

Lot Size
0.35 acres
Price/Acre
$8,597,368
Land Type
Redevelopment

Investment Highlights

  • Single parcel development opportunity located in Los Angeles' Leimert Park neighborhood between W Vernon Ave and Homeland Dr, in an up and coming neighborhood with many development projects nearby
  • The subject property features a large lot of 15,200 SF of vacant land, zoned C1.5-1-SP in a Tier 4 TOC.
  • Located just across from the new Leimert Park Metro Station, part of the Metro Crenshaw/LAX Line that serves the cities of Los Angeles, Inglewood, El Segundo, and Unincorporated LA County
  • The subject property features a high walk score of 89 with close proximity to transportation options as well as major retail developments such as the Balwin Hills Crenshaw Plaza, Marlton Square, and District Square

Investment Overview

Marcus & Millichap is pleased to present 4345-4357 Crenshaw Boulevard, in Los Angeles, CA. 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 $214. The parcel is zoned C1.5-1-SP in a Tier 4 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. 4421 Crenshaw 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.

Exclusively Listed By

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