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$999,000
Est. payment /mo
781 SqFt
UPDATED:
02/21/2025 01:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 781 sqft
Price per Sqft $1,279
MLS Listing ID 25-489661
Year Built 1935
Lot Size 7,742 Sqft
Acres 0.1777
Property Description
**Developers /Investors** We are proud to exclusively present for sale an incredible Development Opportunity centrally located in prime Leimert Park. Situated on a prime corner lot of Crenshaw Blvd and 48th Street, this approx. 7,731 SqFt C2-Zoned lot features 50x155 ft dimensions, Tier 3 TOC, and is located in the QUALIFIED OPPORTUNITY FUND ZONE for tax incentives to investors! This existing 781 SF retail building will be delivered VACANT. The possibilities are endless including new construction Townhomes, Mixed-use commercial, Senior-Living Facility, or an Affordable Housing Project. This property is SB8 exempt and SB 684 which is ideal for a small lot subdivision. Conveniently located near the new Crenshaw Metro Line and Destination Crenshaw, which is a unique open-air museum currently under construction. Sale also includes RTI plans for a proposed 6-unit (three-duplexes) development. Property to be sold in AS-IS condition. Buyer to do their own due diligence and research to the development potential. Do not miss out on this special opportunity!
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAC2
Others
Special Listing Condition Standard
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Listed by Coldwell Banker Realty