4605 4707 4611 4619 4623 4629 4633 4637 Crenshaw Blvd
Los Angeles, CA 90043

Hudson Commercial Partners, Inc. has been selected as the Exclusive Agents to market just over an acre of total land on Crenshaw Blvd. This rare acquisition consists of nine separate parcels totaling ±45,242 SF; seven of them equal 40,821 square feet on contiguous land parcels. 4707 Crenshaw Blvd is a free-standing parcel, situated three parcels south of the land assemblage, with 3,008 SF of improvements on 3,600 SF on land. The ninth parcel (APN# 5013-015-020) is a residential vacant lot, located west of the alley side of 4605 Crenshaw, in unincorporated L.A. County, with a total lot size of 821 SF and is zoned LCR1YY. The Leases are Modified Gross and the tenancy is mostly short-term or month-to-month. This provides an excellent income stream and a flexible strategy for a Developer during the entitlement process. As a Development deal, all the parcels on Crenshaw Blvd. have the zoning of C2-2D-SP. The subject properties are located within 1,000 square feet of the Brand New Leimert Park Metro Station, which is slated to open next year. This is a Tier 4 site and will allow 183 units by Right which is 80% more under the New TOC Overlay zoning. There are even more incentives under this new (TOC) “up-zoning”, including but not limited to, an increase of 50% in FAR, 33 feet of additional height from 45 feet, 0.5 parking spaces per unit. Developers need to provide an affordable housing component; with a minimum of 10% extremely low-income units as one of several options. However, there is the Crenshaw Corridor Specific Plan and the Crenshaw Blvd Overlay Street Design. The Developer would need to familiarize themselves with these plans and gain a consensus from these entities when finalizing their entitlements. This Development will have a strong new tenant base for a mixed-use project. With the brand-new Metro Station opening soon, this is a generational opportunity to change the landscape of this historically rich corridor of Crenshaw Boulevard.