6320 Crenshaw Boulevard, Los Angeles, CA 90043

About this property

A development opportunity at 6320 Crenshaw Blvd, a 10,772 SF lot zoned C2-2D-SP in a Tier 3 TOC in the Hyde Park neighborhood between W 63rd St and Hyde Park Blvd. Offered at a low $144 PSF at the asking price; no tenant relocation or replacement units required; currently, there is an existing 2,276 SF single-family residence that will be delivered vacant at the close of escrow. Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursued. Many retail amenities along Crenshaw Blvd; Additionally, there are multiple Metro local line bus stops on the corner of Crenshaw Blvd & Hyde Park Blvd. Located less than three miles from SoFi Stadium, the Kia Forum, and Hollywood Park Casino in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,387,500

Sold December 2023 · listed $1,550,000, on market June 2023 · MLS #23304859 · Source: CRMLS

Listing Agent: Neema Ahadian · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Neema Ahadian · Marcus & Millichap

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