6422 Crenshaw Blvd, Los Angeles, CA 90043

Located less than 0.2 miles from the Metro K line Leimert Park Station in Los Angeles, 6422 Crenshaw Boulevard is a 5,240-square-foot school property on a 0.33-acre lot (14,381 SF). Zoned C2-2D-SP and designated a Tier 3 in the Transit Oriented Communities (TOC) incentive program, the site is situated in the Crenshaw Corridor and South Los Angeles Alcohol Sales specific plans. The property allows for thirty-six (36) units to be developed by right, and up to sixty-two (62) using the 70% density bonus through the TOC. New developments are allowed up to a 2.00 FAR or 3.00 FAR for mixed-use projects. TOC projects are permitted an additional 45% FAR increase and an additional 22 feet above the 60-foot by-right height limit. Due to its proximity to transit, new projects are eligible for AB 2097, eliminating parking requirements. Greater bonuses can be achieved using the California State Density Bonus Law, allowing density bonuses up to 100%. The subject property is also an Executive Directive 1 (ED1) eligible site, permitting unlimited density and height restriction up to 93 feet, and up to four (4) on or off menu development incentives. Currently operating as a school, the property can be vacated as early as July 1st, 2025, making it an ideal owner-user or value-add opportunity. It sits beside a corner retail strip center with access along Crenshaw Blvd and Hyde Park Blvd. The area to the rear and the parcel fronting Hyde Park Blvd are used as large yards for school playgrounds. The underlying C2-2D-SP zoning allows for various school and commercial uses by right. The property benefits from approximately 60 feet of frontage along Crenshaw Boulevard and is centrally located, with proximity to the Hyde Park and Fairview Heights Metro K Line stations, both less than 0.5 miles away. The area has been subject to rapid gentrification and revitalization through the Crenshaw Corridor Specific Plan.