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7323 Crenshaw Blvd 18 Unit Apartment Building $1,658,027 CAD ($92,113 CAD/Unit) Los Angeles, CA 90043



Investment Highlights
- Located in opportunity zone
- Approved plans for 18 units
Executive Summary
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!
Property Facts
| Price | $1,658,027 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $92,113 CAD | Building Class | B |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 18 | Building Size | 19,791 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | ||
| Zoning | C-2 | ||
| Price | $1,658,027 CAD |
| Price Per Unit | $92,113 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 19,791 SF |
| No. Stories | 4 |
| Zoning | C-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4012-018-001 | Improvements Assessment | $434,041 CAD |
| Land Assessment | $491,366 CAD | Total Assessment | $925,407 CAD |
Property Taxes
Parcel Number
4012-018-001
Land Assessment
$491,366 CAD
Improvements Assessment
$434,041 CAD
Total Assessment
$925,407 CAD
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Presented by
Christie's Intl Real Estate Se
7323 Crenshaw Blvd
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