6200 Crenshaw Blvd, Los Angeles, CA 90043

Property Description

6200-6212 Crenshaw Blvd. is a premier development opportunity in the Hyde Park submarket of Los Angeles. This 21,555-square-foot site boasts 120 linear feet of frontage along Crenshaw Blvd. and is located just two blocks from the Slauson/Crenshaw Metro stop. The property currently includes a vacant storage unit and a billboard situated at the southwestern corner of the lot. This flat parcel is designated as a Tier 3 Transit-Oriented Community (TOC) area, benefiting from density bonuses, reduced parking requirements, and setback allowances. The adjacent parcel, 6216 Crenshaw Blvd, parcel number 4006-003-028, can also be purchased. This will add 4,800sf of land to the project increasing density and facilitating the build. Both lots total 26,355 square feet. The introduction of the Metro line along Crenshaw Blvd., coupled with favorable zoning, has catalyzed significant development activity in the neighborhood, underscoring the site's prime potential. The property's strategic location places it near Southern California's most prominent venues, including SoFi Stadium, The Forum, YouTube Theater, and Hollywood Park, as well as numerous new residential developments. These factors, along with its transit accessibility, make the site an exceptional investment opportunity poised for future growth.