5879 Crenshaw Blvd Los Angeles, CA 90043
Property Features for 5879 Crenshaw Blvd
General Information
- Standard status
- Active
- Lot size
- 0.19 Acres
Source:
Corcoran
Listing Agent: Michael R. Fukushima
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Crenshaw Blvd Redevelopment Opportunity
Located at 5879 Crenshaw Blvd, Los Angeles, this property features an approximately 8,418 SF lot zoned LAC2-2D-SP. The site is situated on Crenshaw Blvd, a major North-South artery with heavy traffic, and is directly adjacent to the Metro Line - Hyde Park Station. The property falls under strategic zoning designations: LAC2-2D-SP, Transit Oriented Communities (TOC) Tier 4, RPA Crenshaw/Slauson, a Hubzone, and the Los Angeles State Enterprise Zone. Positioned at the intersection of Crenshaw Blvd and W. 59th St, it is one block from the K Line station at Crenshaw and Slauson. According to Governmental Code 69515, any 100% affordable housing can have unlimited density if it is located 0.5 mile within a Major Transit Stop. The site currently has a small vacant church and vacant duplex, both ready for demolition. This offering presents a redevelopment opportunity for investors seeking a project in one of South L.A.'s strongest rental pockets. Development analysis suggests the development will feature 38 units with TOC tier 4, or even more units with 100% affordable. This property is part of the transformative developments along the Crenshaw Boulevard corridor, spurred by the arrival of the K Line, joining other affordable housing projects in the area, such as the Depot at Hyde Park and Hope on Hyde Park apartments.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Crenshaw Church
Church
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.33114
- Latitude
- 33.98743
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 8,418 SF lot zoned LAC2-2D-SP near Metro Line.
Where is this commercial land located?
The property is located at 5879 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: - High-Density Development Potential: Zoned LAC2-2D-SP with TOC Tier 4 designation, allowing for the development of 38 units.; - Prime Transit-Oriented Location: Directly adjacent to Metro Line - Hyde Park Station and one block from the K Line station.; - Strategic Zoning Advantages: Benefits from Transit Oriented Communities (TOC) Tier 4, RPA Crenshaw/Slauson, Hubzone, and Los Angeles State Enterprise Zone designations.