Address
7615 Crenshaw Boulevard Los Angeles, CA
Price
$ 1,250,000
Property Attributes
  • MLS#21731262
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaPark Hills Heights
  • Zip90043
  • Style
  • Price$ 1,250,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size8,250 SqFt
Listing Provided Courtesy Of:
Dionya Jackson with Keller Williams Silicon Beach.
Data Source:
CRMLS
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).

Price History
5/13/2021 Listed $1,250,000

General Features

Co-Listing Agent State License # 01816119
Cooling None
Heating None
Listing Agent Dionya Jackson - BRE#01977801
Listing Agent State License 01977801
MLS Area PHHT - Park Hills Heights
Parking Features None
Property Type Residential Income
Special Listing Conditions Standard
Total Units 4
Zoning LAC2

Exterior Features

Lot Size Acres 0.18
Lot Size Area 8250
Lot Size Square Feet 8250
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90043

Price
AVG $1.35M
$1.25M
Visits
AVG 32
7
Year Built
AVG 1946
1949
Walkscore
AVG 72
67
Data Provided by Walkscore ® not using MLS data

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