Executive Summary

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The Neema Group is pleased to present a development opportunity at 6208-6212 West Blvd in the Hyde Park neighborhood of Los Angeles

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The site is a double lot totaling 21,026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required

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Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursued

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Located less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino, and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza

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 The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023, and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under construction

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Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay, and throughout South Los Angeles; walking distance to multiple metro local lines along E Hyde Park Blvd and Crenshaw Blvd