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3501-3519 Crenshaw blvd - Land Assemblage Adjacent to Metro Rail Line! 0.64 Acres of Commercial Land Offered at $10,318,966 CAD in Los Angeles, CA 90016



EXECUTIVE SUMMARY
We are pleased to present Gateway on Crenshaw, a RTI 136 unit + commercial development opportunity located along one of the most dynamic corridors in the country with an Opportunity Zone designation. As a cornerstone to the West Adams and Crenshaw corridor neighborhood, the property is primed from a development firm to take advantage of this dynamic and ever improving location.
The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1, 2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a ±330 unit 7-story project, or a ±180 unit 5-story project.
Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, Santa Monica, Downtown Los Angeles, and the South Bay.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1, 2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a ±330 unit 7-story project, or a ±180 unit 5-story project.
Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, Santa Monica, Downtown Los Angeles, and the South Bay.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
PROPERTY FACTS
| Price | $10,318,966 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.64 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LAC2-2D - LAC2-2D, Tier 4 TOC. Opportunity Zone. | ||
| Price | $10,318,966 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.64 AC |
| Opportunity Zone |
Yes |
| Zoning | LAC2-2D - LAC2-2D, Tier 4 TOC. Opportunity Zone. |
1 LOT AVAILABLE
Lot
| Price | $10,318,966 CAD | Lot Size | 0.64 AC |
| Price Per AC | $16,063,698.24 CAD |
| Price | $10,318,966 CAD |
| Price Per AC | $16,063,698.24 CAD |
| Lot Size | 0.64 AC |
LAC2-2D, Tier 4 TOC. RTI for 136 residential units + commercial. Opportunity Zone.
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5046-001-041 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,576,579 CAD | Total Assessment | $3,576,579 CAD |
PROPERTY TAXES
Parcel Number
5046-001-041
Land Assessment
$3,576,579 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,576,579 CAD
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3501-3519 Crenshaw blvd - Land Assemblage Adjacent to Metro Rail Line!
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