Sold
5300 Crenshaw Boulevard
Los Angeles CA, 90043
$5,250,000
$276.21 per sqft
Sold
0.44 Acres
Land
Listed by Doug Rodermund with Morgan Skenderian 949-251-8800
"5300 Crenshaw" is a 5-story, 82-unit apartment plus retail development site located in the booming Crenshaw/Leimert Park/Hyde Park area of Los Angeles. The offering is a large, 19,007 square foot corner lot which has phenomenal street exposure along Crenshaw Boulevard. The new light rail Metro K Line (not yet open) runs directly in front of the property, allowing a developer to maximize square feet allowed on the site in addition to being a huge transportation amenity to future tenants. This development is also located squarely within an "Opportunity Zone", offering exceptional tax advantages to a developer looking to hold the property for 10+ years.
PW21266924
MLSⓇ ID
December 20, 2021
Listed
March 23, 2024
Updated
Map
5300 Crenshaw Boulevard
Los Angeles CA, 90043
Exterior/Building Features
Lot Size
0.44 Acres
Lot Features
Flag Lot, Near Public Transit, Rectangular Lot
Other Property Details
Area Name
699 - Not Defined
Days on Market
72
Garage
No
View
No
View Description
None
County
Los Angeles
Water Source
Other
Pool
No
Zoning
LAC2
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/18/2023 | Sold | $5,250,000 |
Listing Contact: 949-251-8800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:19 AM UTC