1632 Crenshaw Boulevard
$1,299,000
4
2
2,199
2,199
$591
Description
Great investment opportunity for a developer to build, an investor to buy and hold or as an owner-occupied unit. Prime development opportunity located in a desirable area of Los Angeles. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Zoned R3-1-O and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With significant buildable area and favorable...Great investment opportunity for a developer to build, an investor to buy and hold or as an owner-occupied unit. Prime development opportunity located in a desirable area of Los Angeles. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Zoned R3-1-O and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With significant buildable area and favorable height and density allowances, this site is ideal for developers looking to create a high-density, multifamily residential project. Key Features:Ample Buildable Area: The property spans 7,048 sq. ft. with a buildable square footage of 21,144 sq. ft., providing a solid foundation for a substantial development. Optimized density and parking efficiency may include up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing project feasibility and profitability. Situated in a dynamic and accessible part of Los Angeles, Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided is deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation including but not limited to lot size, zoning and planning, building restrictions. This property is tenant occupied and as such, being sold with tenants in place. Contact listing agent for more information on current rent roll.
- Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Property Details for 1632 Crenshaw Boulevard
Zoning
LAR3
StyleCraftsman
Parcel Number5072003022
Total Units2.0
Living Area2199
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0
LISTING UPDATED: 09/10/2024 10:33 PM
Property Details for 1632 Crenshaw Boulevard
Status | Active |
---|---|
MLS # | 24-415333 |
Days on Market | 160 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1914 |
Lot Size | 0.16 AC / 7,048 SF |
County | Los Angeles County |
Building Information for 1632 Crenshaw Boulevard
Stories-Residences-Year Built1914Building Size-Lot Size0.16 AC / 7,048 SF
Property Information for 1632 Crenshaw Boulevard
Property History for 1632 Crenshaw Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1632 Crenshaw Boulevard
Taxable ValueLand$707,651Additions$230,522Total$938,173
Tax Record2024$11,754 ($980 / month)
Home Facts
Total Finished SqFt2,199 SqFtAbove Grade Finished SqFt2,199 SqFtLot Size7,046 SqFtStyleDuplexYear Built1914ZoningLAR3CountyLOS ANGELESAPN5072-003-022
Schools near 1632 Crenshaw Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Arlington Heights Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
City Language Immersion Charter (CLIC) CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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