Listed by Marcus & Millichap - Los Angeles
$1,400,000
1215 CRENSHAW BLVD
Details
APN 5082-024-028
Property Type Hospitality, Land
Sub Type Residential
Square Footage 2,578
Cap Rate 1.00%
NOI $1
Tenancy Vacant
Price per SqFt $199
Year Built 1911
Acreage 0.160
Zoning LAR 3
Investment Type Redevelopment
Ownership Fee Simple
Hospitality | 1.00% CAP
Marketing description
Excellent 7,008 sq. ft. development opportunity located in a High Resource Area, Zoned R-3 with a Tier 3 TOC. The property is currently a vacant 2,578.0 sq. ft. SFR that can bring income during the entitlement period.
Investment highlights
- Located in a High Resource Area
- Tier 3 TOC
- 2,578.0 sq. ft. Existing Home
- SFR Can Bring in Income During Entitlement
- 7,008 sq. ft. R-3 Zoned Lot
- Up-and-Coming Area
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1.00
$0.08/mo
Valuation Metrics
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