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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:19 AM UTC

 

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