RTI Development Opportunity in Los
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3501 Crenshaw Blvd, Los Angeles, CA 90016
RTI approved 136-unit development site in Opportunity Zone.
Property SizeContact for details
Days on Market641
Property Features for 3501 Crenshaw Blvd
General Information
Standard status
Active
Property subtype
Land
Zoning
LAC2-2D
Listing Agency:
Kidder Matthews
(213) 225-7223
Listed By:
Casey Lins · License #01902650
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 8
Last Checked: Jul 15 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Matthews
Investment Insights
Based on property information with market context.
This property presents a development opportunity with RTI approval for 136 units, along Crenshaw Boulevard. The site is located in an Opportunity Zone. The approved plans, prepared by an architectural firm, feature a mix of 1, 2, and 3-bedroom units, with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a ±1330 unit 7-story project, or a ±180 unit 5-story project. Situated near the West Adams and Crenshaw corridor neighborhood, the location offers access to the E Line (Santa Monica to Downtown) and K Line (Crenshaw to LAX Airport) metro rail lines, as well as multiple bus lines. This transit accessibility provides convenient connections to employment hubs in Culver City, Santa Monica, Downtown Los Angeles, and the South Bay.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - RTI approved 136-unit development site in Opportunity Zone.
Where is this commercial land located?
The property is located at 3501 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,495,000.
