Description
We are proud to present 4822 Crenshaw Blvd, a 7,623sf Tier 3 TOC LAC2-2D zoned development site. The site is primed for an Opportunity Zone developer to take advantage of tax benefits, while also building a high yield new construction development that is located along the dynamic Crenshaw Blvd. Located along one of the most iconic corridors in the country, the neighborhood is experiencing a resurgence of development, creative offices, and numerous business placing a foothold in this proven marketplace.As a new development site, the land is zoned C2 and is situated in a 2D height district with a Tier 3 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 19 units by right, or 33 units by utilizing the Tier 3 TOC density bonuses. Contact listing broker for additional information.
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3BEDS
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0.18ACRES
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2BATHS
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01/2 BATHS
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1,793SQFT
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$697$/SQFT
School Ratings & Info
Description
We are proud to present 4822 Crenshaw Blvd, a 7,623sf Tier 3 TOC LAC2-2D zoned development site. The site is primed for an Opportunity Zone developer to take advantage of tax benefits, while also building a high yield new construction development that is located along the dynamic Crenshaw Blvd. Located along one of the most iconic corridors in the country, the neighborhood is experiencing a resurgence of development, creative offices, and numerous business placing a foothold in this proven marketplace.As a new development site, the land is zoned C2 and is situated in a 2D height district with a Tier 3 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 19 units by right, or 33 units by utilizing the Tier 3 TOC density bonuses. Contact listing broker for additional information.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-05T14:32:16.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.