Keller Williams Realty - Jeff Menendez Homes
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Listing Courtesy Of: Kidder Mathews of California, Inc., 858-369-3010, Casey Lins
Local Realty Services Provided By: Keller Williams Realty Larchmont
Overview
What It'll Cost
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$8,995,000
3501 Crenshaw Blvd, Los Angeles, CA 90016
.64 ac
$8,995,000

3501 Crenshaw Blvd, Los Angeles, CA 90016

Estimation provided by Keller Williams Realty Inc.
.64 ac
Active
For Sale

Property Description

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.

Property Details

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Overview
Property Type
Land
Days on Site
45 Days
Parking
No
Jeff Menendez Homes
Corona/KW CA Premier
01855193

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
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Purchase Price: $8,995,000
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Price & Tax History

Date
Event
Price
02/05/2025
Listed
$8,995,000
(+19.93%)
$14,054,688/ac
08/31/2022
Sold
$7,500,000
$11,718,750/ac
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$9,887
(+4.32%)
$709,667
Land 608,296 + Additions 101,371
2022
$9,478
(+1.6%)
$682,112
Land 584,676 + Additions 97,436
2021
$9,328
(+2.77%)
$682,112
Land 584,676 + Additions 97,436
2019
$9,077
(+6.05%)
$675,118
Land 578,681 + Additions 96,437
2017
$8,559
$648,905
Land 556,211 + Additions 92,694
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Jeff Menendez Homes
Corona/KW CA Premier
01855193

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