Homes for sale - 5106 Crenshaw BLVD, Los Angeles, CA 90043

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Michael & Nicole Jones

jonesteam4homes@gmail.com +1(909) 322-2283

$ 1,649,000

Est. payment | -/mo

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$ 1,649,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID IN25271358

HOA Y/N No

Year Built 1920

Lot Dimensions Estimated

Property Sub-Type Multi Family

Property Description

Location! Location! DEVELOPER'S DREAM! C2 Zoned 9,148 sq ft lot. 60' frontage X 152.46'. Pre-pandemic due diligence allowed for 20 units by right or 40 units taking advantage of TOC Tier III incentives. Take advantage of new legislations allowing for even greater density and streamlined approvals, such as SB 79 - allowing developers to build up to 9 stories high with no parking required in transit oriented communities! Couple that with the One Big Beautiful Bill for bonus depreciation for properties located in opportunity zones. This property is 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. Eased parking due to close proximity to Metro K Line stations! Current improvements include a 4 BD/2 BA SFR - 1,946 sq ft + Garage Converted 1 BD/1 BA 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 same lot dimensions to double the size of your project! Alternatively, go 100% affordable or ED1 for even greater density. Extensive list of permitted zoning use possibilities! Close proximity to major freeways, grocery stores, coffee shops, restaurants, schools, malls, BMO Stadium, SoFi Stadium, The Dome, The Forum. Exciting new developments in the area – including the $1B redevelopment of Baldwin Hills-Crenshaw Plaza Mall and Crenshaw Crossing – just to name a few. Need to complete a 1031 exchange? Look no further. Act now and acquire your next asset using lower residential financing rates. Don't miss out on the best priced lot on the Crenshaw Corridor. Listing info deemed reliable but not guaranteed. Buyer to verify and satisfy themselves on ALL aspects of the property. Buyer to conduct their own due diligence. No warranties expressed or implied. Front unit also listed for rent.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Fence Excellent Condition, Electric, Privacy, Wood

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Present Use Residential,Single Family

Total Parking Spaces 10

Building

Lot Description 0-1 Unit/Acre, Front Yard, Sprinklers In Front, Value In Land, Yard

Story 1

Water Private

Others

Tax ID 5013019022

Security Features Security System,Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s),Security Lights,Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Submit

Special Listing Condition Standard

Listed by Bryan Castillo Castillo Realty Group, Inc. 310-498-6908

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Michael & Nicole Jones

REALTOR® | Lic# 01389807

jonesteam4homes@gmail.com

+1(909) 322-2283

9680 Haven Ave. Suite #120 Rancho Cucamonga CA, 91730

5106 Crenshaw BLVD Los Angeles, CA 90043

Michael & Nicole Jones

Key Details

Location

Interior

Exterior

Building

Others

5106 Crenshaw BLVD