Los Angeles, CA 90043,5879 Crenshaw BLVD
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Charlie Nicholas

Charlie Nicholas

+1(562) 897-2690
$ 2,300,000
Est. payment /mo
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5879 Crenshaw BLVD Los Angeles, CA 90043

8,415 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25566151

HOA Y/N No

Lot Size 8,415 Sqft

Property Description

Located at 5879 Crenshaw Blvd, Los Angeles 90043, the site sits on an approx. 8,418 SF lot zoned LAC2-2D-SP. The property is conveniently situated on the heavily trafficked, major North-South artery of Crenshaw Blvd, surrounded by neighboring essential retail and directly adjacent to Metro Line - Hyde Park Station. Listed for sale at $2,300,000, with a price per buildable unit of approximately $60,526. After completing our development analysis, we believe the development will feature 38 units with TOC tier 4 or even more units with 100% affordable. The property falls under several strategic zoning designations: LAC2- 2D-SP, Transit Oriented Communities (TOC) Tier 4, RPA Crenshaw/Slauson, a Hubzone, and the Los Angeles State Enterprise Zone. Positioned at the intersection of Crenshaw Blvd and W. 59th St, it is just one block from the K Line station at Crenshaw and Slauson. According to Governmental Code 69515, any 100% affordable housing can have unlimited density if it is located 0.5 mile within a Major Transit Stop. This property is part of the transformative developments along the Crenshaw Boulevard corridor, which have been spurred by the arrival of the K Line. It joins other affordable housing projects in the area, such as the Depot at Hyde Park and Hope on Hyde Park apartments.Currently, the site has a small vacant church and vacant duplex, both are ready for demo. This offering presents a unique redevelopment opportunity for investors seeking a feasible project in one of South L.A.'s strongest rental pocket. Buyer to verify all information.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 4005003012

Special Listing Condition Standard

CRMLS – RECore
Listed by Michael R. Fukushima Keller Williams Los Angeles

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Wilder's Preparatory Academy Charter

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    New Heights Charter

    Public | KG - 8

  • 6

    Stella Middle Charter Academy

    Public | 5 - 8

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 6

    Kipp Empower Academy

    Public | KG - 4

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 5

    La Tijera K-8 Academy of Excellence

    Public | KG - 8

  • 5

    Jefferson Elementary

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Kipp Academy of Opportunity

    Public | 5 - 8

  • 5

    74th Street Elementary School

    Public | KG - 5

  • 5

    Bright Elementary School

    Public | KG - 5

  • 5

    Kipp Scholar Academy

    Public | 5 - 8

  • 5

    La Salle Avenue School

    Public | KG - 5

  • 4

    W. Claude Hundall Elementary School

    Public | KG - 6

  • 4

    Windsor Hills Elementary

    Public | KG - KG

  • 4

    Centinela Elementary School

    Public | KG - 6

  • 4

    Kelso Elementary School

    Public | KG - 6

Middle Schools 20
  • 8

    Wilder's Preparatory Academy Charter Middle School

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 5

    Century Community Charter

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 2

    Grace Hopper STEM Academy

    Public | 6 - 8

  • 1

    Crozier Elementary School

    Public | 7 - 8

  • 1

    Icef Inglewood Middle Charter Academy

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Century Academy for Excellence

    Public | 6 - 8

  • 1

    Horace Mann Junior High School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    John Muir Middle School

    Public | 6 - 8

  • 1

    Bret Harte Preparatory

    Public | 6 - 8

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    Alliance College-Ready Middle Academy No. 7

    Public | 6 - 8

  • 0

    Frederick Douglass Academy Middle School

    Public | 6 - 8

  • 0

    Horace Mann UCLA Community School

    Public | 6 - 8

  • 0

    Lou Dantzler Preparatory Charter Middle School

    Public | 6 - 8

High Schools 20
  • 8

    Bright Star Secondary Charter Academy

    Public | 9 - 12

  • 8

    Animo Inglewood Charter High School

    Public | 9 - 12

  • 7

    City Honors College Preparatory Charter

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 5

    Alliance Renee and Meyer Luskin Academy High School

    Public | 9 - 12

  • 2

    Augustus F. Hawkins High School - Critical Design and Gaming

    Public | 9 - 12

  • 1

    Inglewood High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Crenshaw Magnet High School

    Public | 9 - 12

  • 1

    Manual Arts High School

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Community Health Advocates

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

    Public | 9 - 12

  • 0

    View Park Continuation

    Public | 9 - 12

  • 0

    St Mary's Academy

    Private | 9 - 12

  • 0

    Slauson Learning Center 1

    Private | 9 - 12

  • 0

    Whitney Young Continuation

    Public | 9 - 12

  • 0

    Academy of Science and Engineering

    Public | 9 - 12

  • 0

    Youth Opportunities Unlimited

    Public | 9 - 12

School and business data provided by Attom Data.
Charlie Nicholas

Charlie Nicholas

Agent | License ID: 01738156

+1(562) 897-2690

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5879 Crenshaw BLVD