5471 Crenshaw Blvd - Storefront FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$3,995,000 USD
213-225-7223
5471 Crenshaw Blvd, Los Angeles, CA for Sale
$3,995,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

5471 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • 1 block away from a Metro Rail stop
  • 23,979sf of C2 Tier 4 TOC land
  • Corner lot on a signalized intersection

OVERVIEW

$2M Price Reduction! 5471 Crenshaw Blvd, a +/- 23,979sf C2-2D zoned, Tier 4 TOC, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located just 1-block away from the new LAX to Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. The building is currently improved with a +/-5,317sf commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM’s on the property with 4 years remaining on their initial lease term. Whether you’re a business seeking a high visibility location, or an investor seeking a covered land play, the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include The Crenshaw Lofts (195 units), 4252 Crenshaw Blvd (111 units), 4827 Crenshaw Blvd (32 units), 5300 Crenshaw Blvd (82 units), 5144 Crenshaw Blvd (78 units), and the $1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza! 5471 Crenshaw Blvd presents one of the last few remaining 20,000+sf sites along the Crenshaw Blvd corridor, with an estimated cost of $167/sf on land, and $37K/developable unit, well below comparable sales nearby. Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

$2M Price Reduction - 23,979sf LAC2 Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

LAC2, Tier 4 TOC

APN/PARCEL ID

5006-005-028

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.