Executive Summary

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• The Neema Group is pleased to present a development opportunity at 6320 Crenshaw Blvd, a 10,772 SF lot zoned C2-2D-SP in a Tier 3 TOC in the Hyde Park neighborhood between W 63rd St and Hyde Park Blvd
• Offered at a low $144 PSF at the asking price; no tenant relocation or replacement units required; currently, there is an existing 2,276 SF single family residence that will be delivered vacant at the close of escrow
• 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
• Many retail amenities within walking distance along Crenshaw Blvd; additionally, there are multiple Metro local line bus stops on the corner of Crenshaw Blvd & Hyde Park Blvd
• Located less than three miles from SoFi Stadium, the Kia Forum, and Hollywood Park Casino in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza

Area Overview

Hyde Park
Hyde Park is a neighborhood in Los Angeles, California with a population of 36,102. Hyde Park is in Los Angeles County. Living in Hyde Park offers residents an urban suburban mix feel and most residents rent their homes. In Hyde Park there are a lot of parks. Residents of Hyde Park have access to parks including Van Ness Playground and North Park and Edward Vincent Jr Park..

Inglewood
Inglewood offers a high quality of life for city residents with plenty of local attractions. The California Science Center is a free attraction that is a great way to introduce children to the wonders of science. The hands-on displays let children’s imaginations run wild. Exposition Park might be the most relaxing area in the city with the fountain that flows year-round standing tall in the center of the park. Wende Museum is a must see for history buffs since it chronicles the Cold War in-depth.

Inglewood has a good collection of public, private, and charter schools that may play a role in your decision making process. When selecting a home for purchase or rent, you will want to check the boundaries to see if your child can go to a highly-rated school. Some of the area’s top schools include Animo Inglewood Charter School, Wilder’s Preparatory Academy, and City Honors College Prep School. Each of these educational options set a child up for future success at one of the many colleges in the LA area.

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