F O R S A L E
QUALIFIED OPPORTUNITY ZONED-C2-TIER 4 SITE FOR SALE
LOS ANGELES, CA 90043
MARK ZAKARIAN CCIM | [email protected] | O: 213.221.1242 | C: 818.468.1377
E X E C U T I V E S U M M A R Y
PROPERTY OVERVIEW
OFFERING SUMMARY
We are pleased to present a site located on only 500 feet west of the iconic intersection of West Slauson and Crenshaw Blvd. The intersection was recently renamed after the late rapper, activist, and entrepreneur, Nipsey Hussle.
Sale Price:
Subject To Offer
3475 W. Slauson Ave;
5752 Brynhurst Ave; 5748 Brynhurst Ave
Address:
The sale consists of 3 contiguous parcels zoned C2-1VL with TOC Tier 4 designation. The site is located in the Qualified opportunity Zone and is located in the heart of Detestation Crenshaw, an open air museum celebrating the identity of the community. Steps to the incoming, Crenshaw Metro Line, Hyde Park Metro Station which connects to the LAX people mover.
APN(s):
5006-003-013;014;015
Lot Size:
21,000 SF
Zoning:
LAC2
4
Call broker for pricing, terms and co-op broker compensation information.
TOC Tier:
-----------------------------------------------Seller Financing Available-------------------------------------------------
Number Of Units Allowed: Qualified Opportunity Zone:
95
***PLEASE DO NOT DISTURB TENANTS. Buyer to perform its own investigations regarding zoning and number of buildable units. Neither Agents, Brokers, or Owners make any representations regarding the information presented herein. ***
Yes
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A D D I T I O N A L P H O TO S
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2019 CRENSHAW LAX METRO LINE
The Hyde Park (formerly Crenshaw/Slauson) station is the only street-level station along the Crenshaw/LAX Line. The platform will be located in the center median of the street just south of the Crenshaw Boulevard/Slauson Avenue intersection. The largest shopping center in the area, the Crenshaw Plaza Shopping Center, is located at the south east corner of the intersection, and is anchored by a supermarket, drug store, restaurants, and other neighborhood-serving retail establishments.
The Crenshaw Line will extend south from the Metro Exposition Line at Crenshaw and Exposition boulevards and connect with the Green Line in the South Bay. According to a map on the Metro website, the first, second and third stops on the Crenshaw Line will be located in Baldwin Village/Crenshaw, Leimert Park and Hyde Park. in those three neighborhoods, near Crenshaw Boulevard south of I-10, median home values have exceeded the 29.5 percent growth that LosAngeles County as a whole has seen during the same period.
C O M P L E T E H I G H L I G H T S
THE METRO CRENSHAW/LAX LINE WILL EXTEND FROM THE EXISTING METRO EXPOSITION LINE AT CRENSHAW AND EXPOSITION BOULEVARDS. THE LINE WILL TRAVEL 8.5 MILES TO THE METRO GREEN LINE AND WILL SERVE THE CITIES OF LOS ANGELES, INGLEWOOD AND EL SEGUNDO; AND PORTIONS OF UNINCORPORATED LOS ANGELES COUNTY. THE NEW METRO RAIL EXTENSION WILL OFFER AN ALTERNATIVE TRANSPORTATION OPTION TO CONGESTED ROADWAYS AND PROVIDE SIGNIFICANT ENVIRONMENTAL BENEFITS, ECONOMIC DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT LOS ANGELES COUNTY. RIDERS WILL BE ABLE TO MAKE EASY CONNECTIONS WITHIN THE ENTIRE METRO RAIL SYSTEM, MUNICIPAL BUS LINES AND OTHER REGIONAL TRANSPORTATION SERVICES.
DESTINATION CRENSHAW IS CELEBRATING BLACK LOS ANGELES. THIS COMMUNITY-INSPIRED PROJECT WILL USE THE ICONIC CRENSHAW BOULEVARD AS CANVAS AND ANCHOR FOR PUBLIC ART AND
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- 1.3 MILE OUTDOOR ART AND CULTURE EXPERIENCE
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STREETSCAPE DESIGN. DESTINATION CRENSHAW WILL BE BUILT FOR, BY, AND IN HONOR OF OUR COMMUNITY, AND WILL CELEBRATE THE HISTORICAL AND CONTEMPORARY CONTRIBUTIONS OF BLACK L.A. AND THE CRENSHAW COMMUNITY—THE LARGEST BLACK COMMUNITY WEST OF THE MISSISSIPPI RIVER.
RENDERINGS REVEALED SHOW A NEW COMMUNITY AMPHITHEATER WITH AN ELEVATED OVERLOOK WITH VIEWS OF THE DOWNTOWN SKYLINE, THE HOLLYWOOD SIGN, AND THE ENTIRE DESTINATION CRENSHAW PROJECT. THE RENDERINGS ALSO SHOW OFF A POTENTIAL TREATMENT OF THE WORLD FAMOUS “CRENSHAWWALL,” ALSO CALLED “OURMIGHTY CONTRIBUTION.” THE WALL, A MAJOR COMPONENT OF DESTINATION CRENSHAW, WILL ALSO BE OPPOSITE ONE OF THE 11 NEW POCKET PARKS AND PARKLETS BUILT TO HOUSE HUNDREDS OF ART OPPORTUNITIES. LANDSCAPING ALONG THE BOULEVARD BY STUDIO MLA WILL INCLUDE HUNDREDS OF NEW TREES AND ADDITIONAL STREETSCAPING. UNLIKE TRADITIONAL MUSEUMS, DESTINATION CRENSHAW WON’T BE BOUND BY WALLS OR CEILINGS. THE OPEN-AIR, PUBLIC ART AND CULTURAL EXPERIENCE WILL FEATURE ARCHITECTURAL DESIGNS THAT CAPTURE THE INNOVATIVE AND TRAILBLAZING SPIRIT OF BLACK L.A.
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R E TA I L E R M A P
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A E R I A L M A P S
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D E M O G R A P H I C S M A P & R E P O R T
- POPULATION
- 1 MILE
35,624
35.3
2 MILES
132,543
36.4
3 MILES
332,127
34.8
Total population Median age Median age (Male) Median age (Female)
- 30.9
- 32.4
- 32.0
- 39.5
- 39.4
- 37.2
HOUSEHOLDS & INCOME
Total households
1 MILE
12,751
2 MILES
49,546
2.7
3 MILES
118,156
- 2.8
- # of persons per HH
Average HH income Average house value
2.8
$55,551
$454,005
$54,938
$443,066
$54,116
$445,375
* Demographic data derived from 2010 US Census
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