6524 Brynhurst Ave - Commercial LAND FOR SALE


Los Angeles, CA 90043- Park Mesa Heights11,326 SF
$2,499,000 USD
310-650-4220
6524 Brynhurst Ave, Los Angeles, CA for Sale
$2,499,000 USD
Commercial LAND - FOR SALE
1/7
11,326 SF

6524 Brynhurst Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Ready to Issue Permits and Start breaking ground right away, saving a lot of time
  • Just outside the border of Inglewood in City of LA Building and Safety, A huge employment hub and close to SOFI Stadium, Lax, Hollywood Park, Intuit
  • Type V Construction, 4 story all wood frame, with a significant cost savings and time compared to 5 stories Type III
  • Surrounded by brand new construction Apartment Buildings, Project across the street 41 units for $17.3 million( $421K)per unit through project homekey
  • Walkable to Crenshaw Metro rail line, and restaurants, shopping, and bike friendly and big employment hub of Inglewood nearby
  • 100% ADA Compliant for seniors but the housing covenant allows to rent to anyone.

OVERVIEW

Welcome to 6524 Brynhurst a fully entitled, RTI( Ready to Issue) in hand permits ready to build, 100% Affordable ED1 project featuring 64 units plus a managers office that can be converted into a unit, 55-1 bedroom, 9- studios across a Type V, four story, fully stacked designed which features all wood frame floors. This design has a significant savings in construction costs and time maximizing the most units with the lowest construction costs compared to 5 stories and higher. The property is located in Hyde park which is just outside the border of the City of Inglewood, while being able to deal with Los Angeles Building and Safety codes, and inspections. The area is surrounded by brand new construction apartment/retail buildings all over and directly across the street from the site, the City of LA purchased a 5 story 41 unit building for $17.3 million as part of the Project Homekey, $421k per door. The property is located in a TOC Tier 3 area, walking distance to the dynamic and new Crenshaw metro rail line, Restaurants, and close to SOFI STADIUM( home of the 2026 World Cup & 2028 Olympics), KIA FORUM, LAX, HOLLYWOOD PARK, Intuit Dome, and Baldwin Hills Crenshaw Plaza, a $1 Billion retransformation project . The building is fully 100% ADA Compliant for seniors but the housing covenant allows to rent to anyone. The new design features no parking with 32,252 square feet of building area and there are several contractor bids in hand. Each floor has a laundry room, outdoor bicycle area and storage. The property currently has a vacant triplex on site and is located close to West Adams, Downtown, Culver City and minutes from the soaring employment hub of Inglewood that continues to grow daily. A developer can break ground right away and there has been a lot of money invested in the area. Buyer to Verify all!

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/ACRE

$9,611,538/AC

PRICE/SF

$221 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

64 Units RTI 100% Affordable

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.26 AC

LAND SF

11,326 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAR3

APN/PARCEL ID

4006-019-009

ASK ABOUT THIS PROPERTY

Daniel LalezariLuxe CapitalMore Info
310-650-4220

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Daniel LalezariLuxe CapitalMore Info
310-650-4220

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