1925 Crenshaw Blvd | Los Angeles, CA 90016
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1925 Crenshaw Blvd
Los Angeles, CA 90016
Value Add Ground Lease TOC Tier 3 · Land For Sale
·
0.53 AC
Investment Highlights
- Short term lease, 2 years, no additional options
- Signalized Corner
- 6:1 FAR
- Value Add
- ~138,625 buildable sf
- Favorable State and Local Law to Maximize Density and Entitlement Timeline
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.53 AC |
| Zoning | LAC2-2D-CPIO (Tier 3) - The property is zoned LAC2-2D-CPIO (West Adams-Baldwin Hills-Leimert). | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.53 AC |
| Zoning | LAC2-2D-CPIO (Tier 3) - The property is zoned LAC2-2D-CPIO (West Adams-Baldwin Hills-Leimert). |
Description
The property is zoned LAC2-2D-CPIO (West Adams-Baldwin Hills-Leimert). This will allow a developer to build an approximately 138,624 SF building, based on a FAR of 6:1 (Buyer to verify). There is no height limit. By right a Developer can build 58 units. 98 -104 units with the affordable housing density bonus. The property is in a Transit Oriented Community ("TOC") Tier 3 area. State Enterprise Zone district also applies. The property is not located in an Opportunity Zone.
Property Taxes
| Parcel Number | 5061-020-038 | Improvements Assessment | $1,935,144 |
| Land Assessment | $6,242,400 | Total Assessment | $8,177,544 |
Property Taxes
Parcel Number
5061-020-038
Land Assessment
$6,242,400
Improvements Assessment
$1,935,144
Total Assessment
$8,177,544
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