5106 Crenshaw Blvd
Los Angeles, CA 90043
Land For Sale · 0.21 AC

Location! Location! DEVELOPER’S DREAM! Build 20 units by right or 40 units taking advantage of TOC Tier III incentives. Located in the Crenshaw Corridor Opportunity Zone (tax incentives for long-term investors) adjacent to prominent View Park neighborhood. Front line of the brand new $2.1 Billion LAX/Crenshaw Metro K Line – walking distance to Vernon/Leimert Park and Crenshaw/Slauson Stations. C2 Zoned 9,148 sq ft lot. Eased parking - No Parking restrictions due to close proximity to Metro K Line stations! Current improvements include a SFR 1,946 sq ft + Garage Converted ADU 360 sq ft. Well maintained property with low maintenance allows you to instantly collect market value rent while you wait for the entitlement process! Or, purchase the adjacent lot with the same lot dimensions to double the size of your project! Alternatively, go the 100% affordable route or ED1, or perhaps your vision is to build something that is missing in the vicinity, such as: a car wash; bakery; coffee shop; meat market or deli; cleaners; drug store; parking lot; nursing home; your favorite restaurant - zoning permitted uses are extensive! Highly gentrified location. Exciting new developments in the area – including the $1B redevelopment of Baldwin Hills-Crenshaw Plaza Mall, Crenshaw Crossing, 5300 Crenshaw Blvd – 82 units under construction, 5144 Crenshaw Blvd – 79 units under construction – just to name a few. Need to complete a 1031 exchange? Look no further. Close proximity to major freeways, grocery stores, coffee shops, restaurants, schools, malls, BMO Stadium, SoFi Stadium, The Dome, The Forum. Listing info deemed reliable but not guaranteed. Buyer to verify and satisfy themselves on ALL aspects of the property. No warranties expressed or implied.