5471 Crenshaw Blvd | Los Angeles, CA 90043
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- LoopNet Team
5471 Crenshaw Blvd
Los Angeles, CA 90043
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Development Opportunity. The nearly 0.55-acre site is zoned for commercial uses including retail, office, residential, hospitality and parking.
- Near Term Income. The existing banking center building can be leased to a retail or office tenant to generate near term income.
- Immediately Proximate to the Metro Line. The Property is located immediately adjacent to the under-construction Metro Crenshaw/LAX extension line.
- Strong Market Dynamics. Dropping residential vacancy and strong rent growth reflect the area’s attractiveness as a livable neighborhood.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
5,317 SF
Building Class
C
Year Built
1963
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.55 AC
Zoning
LAC2-2D - ±23,979 SF C2- 2D zoned, Tier 3 TOC, corner lot in an Opportunity Zone.
Parking
25 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
145’ on Crenshaw Boulevard
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 5006-005-028 | Improvements Assessment | $558,195 |
| Land Assessment | $1,485,691 | Total Assessment | $2,043,886 |
PROPERTY TAXES
Parcel Number
5006-005-028
Land Assessment
$1,485,691
Improvements Assessment
$558,195
Total Assessment
$2,043,886
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