5471 Crenshaw Blvd 5,317 SF Retail Building Los Angeles, CA 90043 $3,495,000 ($657.33/SF)

5471 Crenshaw Blvd, a ±23,979 SF C2- 2D zoned, Tier 3 TOC, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor.
Located just 1-block away from the new LAX to Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City.
The building is currently improved with a ±5,317 SF commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM’s on the property with approximately 2 years remaining on their initial lease term. Whether you’re a business seeking a high visibility location, or an investor seeking a covered land play, the property is well positioned to provide profits for future generations.
The Crenshaw corridor is going through significant upgrades with nearby developments including: The Crenshaw Lofts (195 units), 4252 Crenshaw Blvd (111 units), 4827 Crenshaw Blvd (32 units), 5300 Crenshaw Blvd (82 units), 5144 Crenshaw Blvd (78 units), and the $1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza!
5471 Crenshaw Blvd presents one of the last few remaining 20,000+ SF sites along the Crenshaw Blvd corridor, with an estimated cost of $145/ SF on land, and $34,264/developable unit, in line with comparable sales nearby.
Contact Casey Lins at 714.333.6768 or casey.lins@kidder.com for additional information.