3501 Crenshaw Blvd, Los Angeles, CA 90016-4868
- Auto shops
- 7,056 SF
- 0.32 lot acres
Current Use by Public Records
- Autoworld Extreme / Auto Repair Shop
- Crenshaw Car Clinic / Auto Repair Shop
- SUPER NOVA SMOG CHECK / Sustainability Organization
- Castillo Tire Shop / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 3501 Crenshaw Blvd
- Year built
- 1959
- Lot size
- 0.32 lot acres
- Zone code
- LAC1.5
- Property type
- Auto shops
- APN
- 5046-001-042
- APU
- 5046001042
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 3, 2023 | — | First Republic Bank | Bif Non Oz 3500 Crenshaw Blvd Blk L | Assignment Of Lease (leasehold Sale) | — |
| Jan 12, 2023 | $7,500,000 | Bif Non Oz 3500 Crenshaw Blvd Blk L | Dme Investment LLC | Grant Deed | — |
| Sep 17, 2020 | — | Dme Investment LLC | Dae S Lee | Quit Claim Deed | — |
| Apr 26, 2001 | $130,000 | Dae S Lee | Park,eung & Kyung S | Grant Deed · related | $70k · Eung & Kyung S |
| Aug 5, 1998 | $500,000 | Eung Park | Baer Trust | Grant Deed | $400k · Small Business Loan Source INC |
| — | — | Dae S Lee | — | Deed Of Trust · related | $620k · Wilshire State Bank |
| — | — | Dae S Lee | — | Loan Modification · related | $740k · Bank Of Hope |
| — | — | Dae S Lee | — | Deed Of Trust · related | $650k · Wilshire State Bank |
Description
This exceptional 27,982 sq ft Los Angeles property, located at 3501-3519 Crenshaw Blvd (APN: 5046-001-042, 5046-001-041, 5046-001-029), presents a unique mixed-use development opportunity within the LAC2-2D permitted zoning. Currently planned as a 136-unit residential development (RTI) with commercial space, this Opportunity Zone project offers significant upside potential. Meticulously designed plans include a healthy mix of one, two, and three-bedroom units, along with ample parking for both residential and commercial tenants. The property's ED1 eligibility allows for potential expansion to approximately a 330-unit, seven-story building or a 180-unit, five-story building. Its prime location offers unparalleled walkability, situated steps from two Metro Rail lines (E Line and K Line) and numerous bus routes, providing easy access to major employment hubs in Culver City, Santa Monica, Downtown Los Angeles, and the South Bay. This is a truly remarkable chance to capitalize on a thriving Los Angeles neighborhood and the benefits of an Opportunity Zone designation. The existing plans have been prepared by a reputable architectural firm.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,450,000
- ML approach
- $7,345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,867,000
Market price range: $1.43M - $6.87M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $5,805,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.336
- Latitude
- 34.0245
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
