7323 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,195,000 USD
424-249-7162
7323 Crenshaw Blvd, Los Angeles, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

7323 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Located in opportunity zone
  • Approved plans for 18 units

OVERVIEW

Approved Plans for 18 Units - MULTIFAMILY DEVELOPMENT OPPORTUNITY located within a designated Opportunity Zone along the rapidly evolving Crenshaw Boulevard corridor. Situated on an approximately 8,831 SF corner lot, 7323 Crenshaw Blvd is being offered with a four-story apartment building consisting of 16 market-rate units and only 2 affordable units. The approved project features an attached carport, elevator, rooftop amenity area and bicycle parking and is designated TOC Tier 3.With plans approved and the project fully RTI, a developer has the opportunity to bypass much of the lengthy entitlement and design process and move directly toward construction. Ideally positioned at Crenshaw Blvd and 74th Street with convenient access to LAX, SoFi Stadium, Intuit Dome, USC, West Adams, Culver City and DTLA. An exceptional opportunity for a developer or investor seeking a ready-to-build multifamily project in Los Angeles. Buyer to independently verify all plans, permits, zoning, Opportunity Zone designation, TOC incentives, affordable housing requirements and development potential. Contact Listing Agent for Offering Memorandum with development breakdown and property potential!

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

18

PRICE/UNIT

$66,389

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

4012-018-001

ASK ABOUT THIS PROPERTY

Steven MarinChristie's Intl Real Estate SeMore Info
424-249-7162

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Steven MarinChristie's Intl Real Estate SeMore Info
424-249-7162

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