7615 Crenshaw Boulevard Los Angeles, CA 90043
SELLER FINANCING AVAILABLE WITH 30% DOWN! We are pleased to present this Retail and Development opportunity in Park Mesa Heights located at 7615 Crenshaw Blvd - this four (4) unit Retail Property is located in South Los Angeles. The two (2) story property consists of Four (4) commercial units on the ground floor and one non-conforming 1 BR / 1BA Unit on the second floor. One (1) retail unit is currently vacant and another unit may be delivered vacant at COE. Three out of the four units have been recently updated and are all Month to Month. All units are individually metered for both gas and electricity. Additionally, this property has billboard income. The property contains Eight (8) parking spaces for the tenants and customers and units are in high rental demand, with significant upsides in the rents. The new owner/investor will benefit from this fantastic Development/Retail added value opportunity located in a Tier 3 Transit Oriented Community (TOC) on an 8,250 SF lot zoned C2-1VL-CPIO. The property could be developed for Retail, Multifamily, Mixed-Use, and a myriad of other usages (BUYER TO VERIFY). The location of the property in the heart of Los Angeles in close proximity to the new Sofi Stadium, the Nipsey Hussle Square, retail shopping restaurants, and the future metro line. This is a fantastic opportunity to develop in one of Los Angeles up and coming communities. A savvy Developer or Non-Profit Organization could take advantage of these programs in order to increase the number of buildable units through density bonuses at the Development Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs (BUYER TO VERIFY). Seller Carry Options available. Please contact the listing agent for details.
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