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    3045 Crenshaw Blvd Los Angeles, CA 90016

    Sponsored
    For Lease
    Contact for pricing

    Prime Los Angeles Retail Space Available

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 40,000 square foot retail space, located at 3045 Crenshaw Boulevard in Los Angeles, California, presents a unique investment opportunity. Built in 2023, this property is part of a first-class mixed-use development, boasting 168 residential units above the ground floor retail space. The building offers excellent street visibility and convenient parking, with 136 dedicated spaces for retail customers and tenants. This multiple-tenancy retail space is strategically positioned to serve the thriving communities of Jefferson Park, West Adams, and Leimert Park, benefiting from a high daily car count exceeding 65,000 vehicles on nearby Crenshaw and Jefferson Boulevards. The property's location in Los Angeles County, zip code 90016, ensures access to a dense and affluent population. Currently, one retail space is available within this impressive development, offering a chance to establish a presence in a vibrant and high-traffic area. The modern construction and prime location make this a highly desirable retail property. This is an unparalleled opportunity to secure a prominent retail space in a rapidly growing Los Angeles neighborhood.

    Property Features for 3045 Crenshaw Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Building Details

    Year Built
    2023

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    40,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    West Angeles North Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3354307
    Latitude
    34.0267227

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    FAQs

    What type of property is this?
    Retail property - Prime Los Angeles Retail Space Available
    Where is this retail property located?
    The property is located at 3045 Crenshaw Blvd Los Angeles, CA.
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    3045 Crenshaw Blvd Los Angeles, CA 90016
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    Los Angeles, CA 90016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3045 Crenshaw Blvd Los Angeles, CA 90016
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