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$ 8,995,000
Est. payment | /mo
15,308 SqFt
$ 8,995,000
Est. payment | /mo
15,308 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,308 sqft
Price per Sqft $587
MLS Listing ID 25494643
Year Built 1959
Lot Size 0.642 Acres
Acres 0.64
Property Description
We are pleased to present Gateway on Crenshaw, a RTI 136 unit + commercial development opportunity located along one of the most dynamic corridors in the country with an Opportunity Zone designation. As a cornerstone to the West Adams and Crenshaw corridor neighborhood, the property is primed from a development firm to take advantage of this dynamic and ever improving location. The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1,2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a 330 unit7-story project, or a 180 unit 5-story project. Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, SantaMonica, Downtown Los Angeles, and the South Bay. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAC2-2D
Exterior
Garage Spaces 20.0
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Kidder Mathews of California, Inc.