6208 West Blvd, Los Angeles, CA 90043
0.48 Acres of Residential Land Offered at $2,200,000 USD in Los Angeles, CA 90043
For Sale
Active
Asking Price $2,200,000
- Property Type
-
Land
- Square Feet
- 20,909 SF
Listing Contacts
Neema Ahadian
Ben Lee
Patricia Escobar
Property Overview
The Neema Group is pleased to present a development opportunity at 6208-6212 West Blvd in the Hyde Park neighborhood of Los Angeles.
The site is a double lot totaling 21,026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required.
Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100%
affordable housing project is pursued.
Located less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino, and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza.
The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023, and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under construction.
Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay, and throughout South Los Angeles; walking distance to multiple metro local lines along
E Hyde Park Blvd and Crenshaw Blvd.
The site is a double lot totaling 21,026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required.
Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100%
affordable housing project is pursued.
Located less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino, and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza.
The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023, and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under construction.
Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay, and throughout South Los Angeles; walking distance to multiple metro local lines along
E Hyde Park Blvd and Crenshaw Blvd.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- .
All available spaces
- Space
- Lot 1
- Size
- 20,909 SF
- Price
- $2,200,000
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