Description

We are pleased to offer a rare retail / mixed-use opportunity located in a dense rental market on Crenshaw Boulevard in Los Angeles. Situated on four spacious parcels totaling 24,112 square feet on a corner lot, the property currently houses five separate buildings. The property includes a one-story mixed use building, (2) two-story mixed use buildings, a one-story commercial building, and a residential duplex which generates over $60k per year in gross income. The property also offers a large billboard for additional income. Zoned C2 and well located within a revitalizing area, the property also presents an excellent redevelopment opportunity. The property is presented as an Unpriced Offering with a motivated seller who will consider all offers. Please contact the listing agent for further information.

Located within close proximity to the 405 and Interstate 10, the subject property provides easy access to many key destinations. Situated six miles southwest of Downtown Los Angeles, this property is favorably located within the Crenshaw/Slauson Redevelopment area, 262 acres designated as a revitalizing area by the Community Redevelopment Agency (CRA/LA). In addition, the property benefits from an adjacent Metro stop and bus stop which attracts continuous foot traffic. Located on a corner lot, with 176 feet of frontage along Crenshaw Boulevard, the property has excellent visibility on a major thoroughfare and is exposed to high traffic volumes.

-Excellent Retail Opportunity with Great Frontage
-Low Price Per Foot
-Dense Rental Market
-Spacious Corner Lot with 24,112 Square Feet
- In Close Proximity to the 405 and 110 Freeways
- Within the Crenshaw/Slauson Redevelopment Area
-Great Frontage on a Major Thoroughfare, High Foot Traffic Volumes
-Situated Adjacent to a Metro Bus Stop
- Prime Redevelopment/Rehabilitation Opportunity
- Zoned C2 and Allowing for R4