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3410 W 59th Pl
Los Angeles, CA 90043
Land For Sale · 0.20 AC

Investment Highlights

  • Prime corner lot along the high-traffic Crenshaw Corridor with excellent visibility.
  • One block from the Metro Rail station at Slauson Avenue and Crenshaw Boulevard for superior transit access.
  • Existing duplex provides interim income while pursuing redevelopment plans.
  • Located within a Transit Oriented Community (TOC) zone, offering potential development incentives.
  • Surrounded by a growing mix of retail, dining, and residential developments in a revitalizing neighborhood.

Executive Summary

This property presents a rare development opportunity in the heart of Los Angeles’ Crenshaw Corridor, a rapidly evolving urban hub with strong demand for mixed-use and multifamily projects. The site spans approximately 0.20 acres on a prominent corner lot, offering exceptional visibility and frontage along a well-traveled corridor designated as a TOC zone. This strategic location provides developers with the potential to leverage density bonuses and reduced parking requirements under the TOC program, maximizing the site’s value for future residential or mixed-use development.

Property Facts

Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.20 AC
Zoning C-2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses

1 Lot Available

Lot 1

Price $1,284,924 CAD
Price Per AC $6,498,473.25 CAD
Lot Size 0.20 AC

8,613 SF of previously-developed land for redevelopment.

Description

Currently improved with an existing duplex, the property offers immediate income potential while entitlements or redevelopment plans are pursued. Its proximity to the Metro Rail station at Slauson and Crenshaw ensures unparalleled connectivity to Downtown Los Angeles, LAX, and the greater metro area, making it highly attractive to future residents and businesses. The surrounding neighborhood is experiencing significant revitalization, with new retail, dining, and residential projects enhancing the area’s vibrancy. With strong demographics, a dense population base, and excellent transit access, this site is ideally positioned for investors and developers seeking to capitalize on Los Angeles’ continued growth and the city’s push for transit-oriented housing solutions.

Property Taxes

Property Taxes

Parcel Number
4005-001-009
Land Assessment
$369,747 CAD
Improvements Assessment
$4,963 CAD
Total Assessment
$374,710 CAD
  • Listing ID: 35256214

  • Date on Market: 2025-03-25

  • Last Updated:

  • Address: 3410 W 59th Pl, Los Angeles, CA 90043

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