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Multi-Family

Crenshaw Blvd.

3501-3511 Crenshaw Blvd, Los Angeles, CA 90016

Listing Price: Request For Offer

Lot Size
0.48 acres
Land Type
Redevelopment
Buildable Square Feet
70,000

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Crenshaw Boulevard. Crenshaw Boulevard was named after banker and Los Angeles real estate developer George Lafayette Crenshaw. Crenshaw Village is approximately ±20,909 square feet (0.48 acres) of developable land while having favorable TOC Tier 4 Zoning for up to 95 units and 70,000 square feet of Development Project. The property is conveniently located in between West Adams and Jefferson Park neighborhood of Los Angeles. West Adams is quickly emerging as one of the fastest growing, most dynamic tech and creative markets in Los Angeles. As seen on The Real Deal, West Adams is “the future more than any other place in the market”. What makes this site so special is that when the Crenshaw/LAX line is fully operational, future residents will be able walk across the street and hop on a train to the new NFL stadium in Inglewood, the Forum, and eventually catch a Clipper’s game in their new arena. The Expo/Crenshaw rail station known as the E Line (formerly the Expo Line). The E line is a 15.2 mile (24.5 km) light rail line that runs between Downtown Los Angeles Union Station and Downtown Santa Monica. Crenshaw Village is approximately nine miles from LAX and 6 Minutes to the 10 Freeway and 2.6 miles to the 110 freeway and USC, University of Southern California and 3.6 miles to the Culver City Arts District.

Investment Highlights

  • Over 20,000 Square Feet of Developable Land with Favorable TOC Tier 4 Zoning up to 95 Units and 70,000 Square Feet of Buildable Square Footage
  • City of Los Angeles Tier 4 (highest) Status Under the Transit Oriented Communities (TOC) Affordable Housing Program Allows 80 Percent more Units as well as at Least a 4.25:1 Floor Area Ratio (FAR)
  • Treasury Department Certified Federal Economic Opportunity Zone Provides Significant Tax Savings
  • Major Traffic Drivers, Easily Accessible to I-10. You can Exit I-10 Freeway and Crenshaw Boulevard Sees 294,000 Vehicles Per Day
  • Approximately 1,218 Residential Units Currently Proposed and Under Construction within One Mile and 16 Projects Spanning Alongside Crenshaw Boulevard Corridor

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Lot Size
0.48 acres
Land Type
Redevelopment
Buildable Square Feet
70,000

Investment Highlights

  • Over 20,000 Square Feet of Developable Land with Favorable TOC Tier 4 Zoning up to 95 Units and 70,000 Square Feet of Buildable Square Footage
  • City of Los Angeles Tier 4 (highest) Status Under the Transit Oriented Communities (TOC) Affordable Housing Program Allows 80 Percent more Units as well as at Least a 4.25:1 Floor Area Ratio (FAR)
  • Treasury Department Certified Federal Economic Opportunity Zone Provides Significant Tax Savings
  • Major Traffic Drivers, Easily Accessible to I-10. You can Exit I-10 Freeway and Crenshaw Boulevard Sees 294,000 Vehicles Per Day
  • Approximately 1,218 Residential Units Currently Proposed and Under Construction within One Mile and 16 Projects Spanning Alongside Crenshaw Boulevard Corridor

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Crenshaw Boulevard. Crenshaw Boulevard was named after banker and Los Angeles real estate developer George Lafayette Crenshaw. Crenshaw Village is approximately ±20,909 square feet (0.48 acres) of developable land while having favorable TOC Tier 4 Zoning for up to 95 units and 70,000 square feet of Development Project. The property is conveniently located in between West Adams and Jefferson Park neighborhood of Los Angeles. West Adams is quickly emerging as one of the fastest growing, most dynamic tech and creative markets in Los Angeles. As seen on The Real Deal, West Adams is “the future more than any other place in the market”. What makes this site so special is that when the Crenshaw/LAX line is fully operational, future residents will be able walk across the street and hop on a train to the new NFL stadium in Inglewood, the Forum, and eventually catch a Clipper’s game in their new arena. The Expo/Crenshaw rail station known as the E Line (formerly the Expo Line). The E line is a 15.2 mile (24.5 km) light rail line that runs between Downtown Los Angeles Union Station and Downtown Santa Monica. Crenshaw Village is approximately nine miles from LAX and 6 Minutes to the 10 Freeway and 2.6 miles to the 110 freeway and USC, University of Southern California and 3.6 miles to the Culver City Arts District.

Exclusively Listed By

Financing By

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