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$2,795,000
ACTIVE Status
We are proud to present for sale an Entitled 61 Unit 100% Affordable Housing Project in the quickly evolving West Adams / Jefferson Park neighborhood, a sought-after submarket of Los Angeles. The property on offer is a double lot located at 3556 & 3562 Chesapeake Ave. (a quiet, residential tree-lined street), in a neighborhood quickly undergoing a transformation, full of new construction! Sitting on a 12,814 SF R3-1 lot, the site offers a well-positioned infill development opportunity with immediate access to the Metro E Line, the West Adams retail core, and the Exposition business corridor. The offered development is a 5-story Residential Building comprised of 61 units (55 one-bedrooms, 4 two-bedrooms and 2 three-bedrooms), totaling approximately 26,071 SF of Rentable Square Footage and 35,781 SF of Gross Floor Area. The project is Entitled as a 100% privately funded Affordable Housing Community under Executive Directive 1 (ED1), leveraging the incentives available through AB 1763, AB 2345, and AB 2334, including unlimited residential density and a zero on-site parking requirement given its proximity to a major transit stop. The property sits on the edge of a vast single family-zoned neighborhood where street parking is easier to come by. The property would be delivered with the 61 Unit Project fully Entitled. The Project has not been and will not be submitted to Plan Check by the Seller, allowing the incoming Developer to finalize construction documents to their own specifications. The Architect has stated that the Project is scalable to 79 units and 6 floors, without impacting the approval timeline. There is also the possibility of rehabbing the existing units on site (delivered vacant), in order to have cash flow while awaiting the right time to build. The property is a stone's throw to the Rancho Cienega Recreation Center and Dorsey Senior High School. Take the Metro to USC or Culver City, continue on to Downtown LA or Santa Monica! The area features tons of new restaurants, cafes, markets and much more! It is hard to keep track of the local developments, with so much happening, with what has opened and what is in the planning to open in the near future!

3556 Chesapeake Ave, Los Angeles

Courtesy of Keller Williams Beverly Hills, Dario Svidler - CA DRE#01884474

$2,099,999
ACTIVE Status
Welcome to 6526 Brynhurst a fully entitled, RTI( Ready to Issue) in hand permits ready to build, 100% Affordable ED1 project featuring 64 units plus a managers office that can be converted into a unit, 55-1 bedroom, 9- studios across a Type V, four story, fully stacked designed which features all wood frame floors. This project is priced at $32,812 per door plus the design has a significant savings in construction costs and time maximizing the most units with the lowest construction costs compared to 5 stories and higher. The property is located in Hyde park which is just outside the border of the City of Inglewood, while being able to deal with Los Angeles Building and Safety codes, and inspections. The area is surrounded by brand new construction apartment/retail buildings all over and directly across the street from the site, the City of LA purchased a 5 story 41 unit building for $17.3 million as part of the Project Homekey, $421k per door. The property is located in a TOC Tier 3 area, walking distance to the dynamic and new Crenshaw metro rail line, Restaurants, and close to SOFI STADIUM( home of the 2026 World Cup & 2028 Olympics), KIA FORUM, LAX, HOLLYWOOD PARK, Intuit Dome, and Baldwin Hills Crenshaw Plaza, a $1 Billion retransformation project . The building is fully 100% ADA Compliant for seniors but the housing covenant allows to rent to anyone. The new design features no parking with 32,252 square feet of building area and there are several contractor bids in hand. Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a 100% Fully vacant Fourplex, located close to West Adams, Downtown, Culver City and minutes from the soaring employment hub of Inglewood that continues to grow daily. A developer can break ground right away and there has been a lot of money invested in the area. Buyer to Verify all!

6526 Brynhurst Ave, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari - CA DRE#01949474

$675,000
ACTIVE Status
Take advantage of this prime development opportunity in the Hyde Park neighborhood with a commercially zoned lot of approximately 4,800 SF. Zoned LAC2 Tier 3 with 40 feet of frontage along Crenshaw Blvd, the property offers the potential to build up to 6 units by right, and up to 10 units utilizing the Tier 3 density bonus with added incentives such as reduced parking requirements and more flexible setback allowances (buyer to verify and conduct their own due diligence). In addition to its residential development potential, the site supports a wide range of commercial uses, including retail, professional services, creative space, or future redevelopment. The property currently features a vacant office building of approximately 864 SF, previously used as a recycling business. Centrally located with strong visibility along Crenshaw Blvd and surrounded by numerous shops and restaurants, this is an ideal opportunity for an owner-user or developer looking to establish a presence in a vibrant, growing market.

6216 Crenshaw Blvd, Los Angeles

Courtesy of Keller Williams Beverly Hills, Shawn S. Kormondy - CA DRE#01451888

$699,000
ACTIVE Status
We are pleased to present 2618 W Martin Luther King Jr Boulevard, a well-positioned development opportunity located in Leimert Park, one of the hottest submarkets throughout Los Angeles. The property consists of 5,908 SF of C2 land, positioned on a corner with alley access in the rear. The property has approximately 57' in width, 105' in depth, and a 20' alley in the rear to allow for ingress/egress flexibility on a new development. The current improvements, a 941 SF building that was previously a restaurant use, are in need of either demolition or a full rebuild. Nearby developments include 195 units on Crenshaw Boulevard, the Baldwin Hills Crenshaw Plaza, and various creative offices off of Jefferson Boulevard. With its central location 2.5 miles from USC and just a 2-minute drive from LAX to Crenshaw Metro Rail Line, a new development is expected to be the property's highest and best use. Buyers shall rely on their own due diligence to verify the development potential of the property within the City of Los Angeles. Contact the listing broker for additional information.

2618 W Martin Luther King Jr Blvd, Los Angeles

Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650

$2,500,000
ACTIVE Status
This 21,555-square-foot site boasts 120 linear feet of frontage along Crenshaw Blvd. and is located just two blocks from the Slauson/Crenshaw Metro stop. The property currently includes a vacant storage unit and a billboard situated at the southwestern corner of the lot. This flat parcel is designated as a Tier 3 Transit-Oriented Community (TOC) area, benefiting from density bonuses, reduced parking requirements, and setback allowances. The adjacent parcel, 6216 Crenshaw Blvd, parcel number4006-003-028, can also be purchased. This will add 4,800sfof land to the project increasing density and facilitating the build. Both lots total 26,355 square feet. Call listing agents for offering memorandum and additional info. Agent Remarks : Call listing agents for offering memorandum and additional info.

6200 Crenshaw Blvd, Los Angeles

Courtesy of Lyon Stahl Investment Real Estate, Inc., William James - CA DRE#01734419

$2,985,000
ACTIVE Status
We are pleased to present a +/-5,317sf commercial building with 25+ parking spaces located on 23,979 SF of C2- 2D zoned, Tier 3 TOC, Opportunity Zone land 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. Currently, Bank of America operates 2 ATM's on the property with approximately 2 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 including: 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. Contact the listing broker for additional information!

5471 Crenshaw Blvd, Los Angeles

Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650

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