We are pleased to present Gateway on Crenshaw, a RTI 136 unit + commercial development opportunity located along one of the most dynamic corridors in the country with an Opportunity Zone designation. As a cornerstone to the West Adams and Crenshaw corridor neighborhood, the property is primed from a development firm to take advantage of this dynamic and ever improving location. The existing RTI plans for 136 units have been meticulously prepared by a reputable architectural firm and provide a healthy unit mix of 1,2, and 3-bedrooms units throughout with parking for both residential and commercial tenants. As an ED1 eligible project, the property has potential for a 330 unit7-story project, or a 180 unit 5-story project. Located within steps of two metro rails line (E Line: Santa Monica to Downtown, and K Line: Crenshaw to LAX Airport) and multiple bus lines, the property caters itself to a level of walkability difficult to achieve anywhere else in Los Angeles. Tenants will have ease of access to numerous employment hubs via rapid transit to Culver City, SantaMonica, Downtown Los Angeles, and the South Bay. Contact the listing broker for additional information.
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Listing Snapshot
Price
$7,495,000
Days On Site
164 Days
Bedrooms
N/A
Inside Area (SqFt)
15,308 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.6424 Acres
Year Built
1959
MLS® Number
25494643
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
4 weeks ago
Price changed to $7,495,000
5 months ago
Listing first seen on site
General Features
Acres
0.6424
Additional Property Use
Multi-Family
Number Of Stories
1
Parking Spaces
20
Special Circumstances
Standard
SqFt Total
15308
Zoning
LAC2-2D
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Exterior Features
Lot Features
Corner Lot
Community Features
MLS Area
PHHT - Park Hills Heights
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