Description
This is a development opportunity at 6208-6212 West Blvd in the Hyde Park neighborhood of Los Angeles. The site is a double lot totaling 21,026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required. Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursuedLocated less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino, and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza. The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023, and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under construction. Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay, and throughout South Los Angeles; close proximity to multiple metro local lines along E Hyde Park Blvd and Crenshaw Blvd. APNs 4006-006-026 & 4006-006-027.
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School Ratings & Info
Description
This is a development opportunity at 6208-6212 West Blvd in the Hyde Park neighborhood of Los Angeles. The site is a double lot totaling 21,026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required. Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursuedLocated less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino, and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza. The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023, and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under construction. Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay, and throughout South Los Angeles; close proximity to multiple metro local lines along E Hyde Park Blvd and Crenshaw Blvd. APNs 4006-006-026 & 4006-006-027.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-09T16:32:32.1. 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 eXp Realty of California Inc.. Licensed in the State of California, USA.