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6200 Crenshaw Blvd - Prime Multifamily Development on Crenshaw 0.61 Acres of Commercial Land Offered at $2,500,000 in Los Angeles, CA 90043
Investment Highlights
- Rare vacant lot consisting of three adjacent parcels totaling 26,355 sf of buildable lot
- The lot is zoned C2 and benefits from a Transit Oriented Community (TOC) Tier 3 status allowing for a 70% density bonus
- Ideally situated just two blocks from the metro station offering exceptional accessibility and enhancing the site's appeal for development
- Subject property is situated in Hyde Park on Crenshaw Blvd between Inglewood and Leimert Park in a rapidly evolving neighborhood
- The property is located along the Crenshaw/LAX Metro Line, and 8.5-mile transit corridor connecting the Metro E Line(Exposition) to LAX.
Executive Summary
This 21,555-square-foot site boasts 120 linear feet of frontage along Crenshaw Blvd. and is located just two blocks from the Slauson/Crenshaw Metro stop. The property currently includes a vacant storage unit and a billboard situated at the southwestern corner of the lot. This flat parcel is designated as a Tier 3 Transit-Oriented Community (TOC) area, benefiting from density bonuses, reduced parking requirements, and setback allowances. The adjacent parcel, 6216 Crenshaw Blvd, parcel number 4006-003-028, can also be purchased. This will add 4,800 sf of land to the project increasing density and facilitating the build. Both lots total 26,355 square feet.
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.61 AC |
| Property Type | Land | ||
| Zoning | C2 - Allows for R4 usage | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.61 AC |
| Zoning | C2 - Allows for R4 usage |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 0.61 AC |
| Price Per AC | $4,132,040.17 |
| Price | $2,500,000 |
| Price Per AC | $4,132,040.17 |
| Lot Size | 0.61 AC |
6200-6206 Crenshaw: 120 x 179.5 6216 Crenshaw: 40 x 120
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Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $67,556 | |
| Land Assessment | $593,849 | Total Assessment | $661,405 |
Property Taxes
Parcel Numbers
Land Assessment
$593,849
Improvements Assessment
$67,556
Total Assessment
$661,405
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6200 Crenshaw Blvd - Prime Multifamily Development on Crenshaw
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