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959 Crenshaw Blvd 12,573 SF Retail Building Los Angeles, CA 90019 For Sale
Investment Highlights
- Entitled to Build 147-Unit Mixed-Use Affordable Project
- Offered with Adjacent Surface Parking Lot
- Exceptional Location & Accessibility
- Can Add an On-Site Digital Billboard by Right
- Provides Flexibility for Expansion
- Proximity to Thriving Submarkets
Executive Summary
CBRE, as exclusive agent, is pleased to present a premier investment opportunity to acquire a fully entitled affordable mixed-use development site located at the highly visible northwest corner of Crenshaw and Olympic Boulevards, with an adjacent surface parking lot, 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.
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.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,573 SF
Building Class
C
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.01 AC
Zoning
CR-1VL & R1-1-HPOZ - mixed-use zoning
Parking
52 Spaces (4.14 Spaces per 1,000 SF Leased)
Frontage
185’ on Crenshaw Blvd
Amenities
- Signage
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5090-034-017 | Improvements Assessment | $91,729 CAD |
| Land Assessment | $2,316,225 CAD | Total Assessment | $2,407,954 CAD |
Property Taxes
Parcel Number
5090-034-017
Land Assessment
$2,316,225 CAD
Improvements Assessment
$91,729 CAD
Total Assessment
$2,407,954 CAD
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959 Crenshaw Blvd
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