5471 Crenshaw Boulevard, Los Angeles, CA 90043 - Berkshire Hathaway HomeServices California Properties

5471 Crenshaw Boulevard, Los Angeles, CA 90043

$3,995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Casey Lins | Casey.Lins@kidder.com
Lic#: 01902650
Broker: Courtesy of Kidder Mathews of California, Inc.

Agent Remarks

$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, in line with comparable sales nearby.

Listing Details

Property type: (Commercial)
Status: Active Under Contract
MLS# 23255455
List price is $3,995,000 Reduced by $655,000 on 12/13/2023
Price: $3,995,000
HOA Fee is $0.00
Built in 1963
0.55 acres
Lot size: 0.5505
County: Los Angeles
Zoning: LAC2
MLS area: PHHT - Park Hills Heights

Last Updated: 12/6/2024

 Days On Market (DOM): 606

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This listing belongs to the PHHT - Park Hills Heights MLS area

Lat/Long: 33.991249, -118.331280.
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Source: CRM. Also Available in 23255461,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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