310-550-2575
959 Crenshaw Blvd, Los Angeles, CA for Sale
Freestanding - FOR SALE
1/11
null | Request Cap Rate

959 Crenshaw Blvd
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Redevelopment Opportunity at the Bustling Intersection of Olympic & Crenshaw Blvds.
  • Fully Entitled to Build 147 Affordable Units & ±2,400 SF of Retail Space
  • Can Add On-Site Digital Signage by Right for Significant Revenue Generation
  • Entitlement Includes 51 Parking Spaces
  • Offered with Adjacent Surface Parking Lot (33 Additional Parking Spaces); Providing Flexibility for Expansion
  • Exceptional Location and Accessibility to Thriving Submarkets

OVERVIEW

CBRE, as exclusive agent, is pleased to present an excellent opportunity to acquire a fully entitled site to build 147 affordable units and ±2,400 SF of retail space at the highly visible northwest corner of Crenshaw and Olympic Boulevards, in the Mid-Wilshire submarket of Los Angeles. At just over one-acre of land, the property is currently improved with a vacant ±12,500 square foot standalone retail building and surface parking, and is inclusive of the adjacent surface parking lot located at 952-958 S Victoria Avenue.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

CR-1VL & R1-1-HPOZ

APN/PARCEL ID

5009-034-036,5009-034-037,5090-034-017

ASK ABOUT THIS PROPERTY

310-550-2575

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310-550-2575

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