RATES have finally dropped!! Lowest since October ’24! Benefit from Residential vs Commercial Financing!
Take advantage of the Big Beautiful Bill, which brings back bonus depreciation on year 1!
Located in the Crenshaw Corridor Opportunity Zone (tax incentives for long-term investors) adjacent to prominent View Park neighborhood
Front line of the brand new $2.1 Billion LAX/Crenshaw Metro K Line – walking distance to Leimert Park and Hyde Park Stations
Zoned C2-2D-SP
TOC TIER III
9,148 sq ft lot (approx: 60′ frontage X 152.46′)
Conveniently Located in Between the SoFi Stadium (4 miles away), The Forum (4 miles away) and the BMO Stadium (3 miles away)
Pre-Pandemic due-diligence (2019): Build 20 units by right or 40 units taking advantage of TOC incentives! With new city incentive programs since then (such as, but not limited to SB9, AB-1763, ED-1, NEW SB-79 Reshapes LA transit Development!), a Developer might be able to expedite and/or apply for a higher density bonus. Buyer to verify with appropriate professional(s).
Eased Parking Restrictions: No Parking required due to close proximity to LAX/Crenshaw Metro K Line stations
Current improvements: SFR (5106) 4 bed / 2 bath – 1,946 sq ft + Garage Converted ADU (5108) Studio / 1 bath – 360 sq ft (COO dated 5/3/23)
Endless possibilities: a). Collect instant rental income from day 1 while you wait for the entitlement process & break-ground on construction once RTI; b). Or, Hold & Collect a steady income stream & simply sell down the road with plans attached; c). Or, Build 8-10 townhome bi-level units; d). Alternatively, go the 100% affordable route or ED1; e). Or, perhaps your vision is to build something that is missing in the vicinity, such as: a car wash; bakery; coffee shop; meat market or deli; cleaners; drug store; parking lot; nursing home; your favorite restaurant – zoning permitted uses are extensive!
Exciting new developments in the area include, but not limited to:
$1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza Mall
Crenshaw Crossing: 3630 S. Crenshaw Boulevard / 3606 W. Exposition Boulevard – construction of two podium-type buildings consisting of 401 units
AERIAL PHOTOS
5106 Crenshaw BlvdFrontline of LAX Metro LineSouth View of Crenshaw BlvdDowntown LA ViewNorth View of Crenshaw BlvdCrenshaw HS in the Background
