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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