4279 Crenshaw Blvd Los Angeles, CA 90008

This exceptional 3,240 square foot retail property, located at 4279 Crenshaw Boulevard in Los Angeles, CA 90008, presents a unique investment opportunity. Currently configured as a single-story building with three units occupied by established businesses, generating immediate income, the property sits on a 0.126-acre lot and was built in 1939. Zoned for redevelopment, it offers approved plans for a transformative project. These plans include the construction of six residential units (five one-bedroom and one two-bedroom), totaling approximately 3,125 square feet, potentially spanning up to three stories. The envisioned development includes modern, light-filled units and a rooftop terrace. The property's prime location in the vibrant Leimert Park neighborhood offers easy access to the new metro/subway station, providing excellent connectivity throughout Los Angeles. This location is close to cultural landmarks, restaurants, and boutiques. The asking price for this exceptional property is $3,477,777. This is a chance to capitalize on the revitalization of a key Los Angeles area and create a significant return on investment. The property's current income stream, combined with its redevelopment potential, makes it an attractive proposition for discerning investors seeking a blend of immediate returns and long-term growth.