6400 Crenshaw Blvd Los Angeles, CA 90043
- Industrial properties
- 4,000 SF
Current Use by Public Records
- Robnett Electric Co / Electrician
Property Details for 6400 Crenshaw Blvd
- Year built
- 1929
- Property size
- 4,000 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional Los Angeles investment opportunity presents a 4,000 square foot flex space on a 10,771 square foot lot, located at 6400 S Crenshaw Blvd, in the Hyde Park neighborhood (zip code 90043). The property features two existing one-story buildings constructed in 1929, currently vacant and ready for immediate occupancy. Zoned C2-2D, this property offers significant redevelopment potential. As a Tier 3 Transit Oriented Community (TOC) site, it's eligible for expedited entitlements, allowing for the construction of up to 46 residential units, potentially exceeding this number with further incentives or by pursuing a 100% affordable housing project. A "by right" development could yield 26 units. The property's prime location is a short walk from the Hyde Park Metro Station and offers convenient access to SoFi Stadium, the South Bay, West Los Angeles, and Downtown Los Angeles. The asking price is $1,995,000, translating to $185 per square foot. This owner-user property is an ideal choice for investors seeking a high-return redevelopment project or a flexible industrial space. The property's location within Los Angeles County provides excellent access to major transportation arteries and a diverse workforce. This is a rare opportunity to acquire a well-positioned property with substantial upside potential in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.331
- Latitude
- 33.9816
