5471 Crenshaw Blvd, Los Angeles, CA 90043
5,528 SF | Retail Building | Los Angeles, CA 90043 | $3,995,000 ($723/SF)
For Sale
Active
Asking Price $3,995,000
- Property Type
-
Retail
- Square Feet
- 5,528 SF
- Price / Square Foot
- $723
Listing Contacts
Casey Lins
Property Overview
$2M Price Reduction! 5471 Crenshaw Blvd, a +/- 23,979sf C2-2D zoned, Tier 4 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 +/-5,317sf commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM’s on the property with 4 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 include 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 $167/sf on land, and $37K/developable unit, well below comparable sales nearby.
Contact Casey Lins at 714.333.6768 or [email protected] for additional information.
The building is currently improved with a +/-5,317sf commercial building and a parking lot that can accommodate 25+ cars. Currently, Bank of America operates 2 ATM’s on the property with 4 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 include 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 $167/sf on land, and $37K/developable unit, well below comparable sales nearby.
Contact Casey Lins at 714.333.6768 or [email protected] for additional information.
Property Details
- Class
- C
- Year Built
- 1963
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 23,958 SF
Highlights
- 1 block away from a Metro Rail stop
- 23,979sf of C2 Tier 4 TOC land
- Corner lot on a signalized intersection
All available spaces
- Space
- 1st Floor
- Size
- 5,005,528 SF
- Condition
- Shell Space
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