Property Details
Executive Summary
INVESTMENT HIGHLIGHTS:
- 4345-4357 Crenshaw Boulevard is single parcel development opportunity located in Los Angeles’ Leimert Park neighborhood between W Vernon Ave and Homeland Dr, in an up and coming neighborhood with many development projects nearby.
- The subject property features a large lot of 15,200 SF of vacant land, zoned C1.5-1-SP in a Tier 4 TOC.
- Located just across from the new Leimert Park Metro Station, part of the Metro Crenshaw/LAX Line that serves the cities of Los Angeles, Inglewood, El Segundo, and Unincorporated LA County; bringing significant environmental benefits, economic development, and employment opportunities to the immediate area.
- The subject property features a high walk score of 89 with close proximity to transportation options as well as major retail developments such as the Balwin Hills Crenshaw Plaza, Marlton Square, and District Square.
- With over 380,000 people within a three-mile radius, the Leimert Park neighborhood is a highly desirable submarket with residential rents increasing substantially year over year.
