Gardena, CA 90249,15333 Crenshaw BLVD
Gardena, CA 90249,15333 Crenshaw BLVD
Gardena, CA 90249,15333 Crenshaw BLVD
Gardena, CA 90249,15333 Crenshaw BLVD
Gardena, CA 90249,15333 Crenshaw BLVD
Gardena, CA 90249,15333 Crenshaw BLVD
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$2,800,000

$3,200,000

12.5%
Est.Price: ?

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Est. payment /mo

7,004 Sqft Lot


SOLD DATE : 06/27/2024

Key Details

Sold Price $2,800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24009752

Sold Date 06/27/24

HOA Y/N No

Year Built 1947

Lot Size 7,004 Sqft

Property Description

Located at the southwest corner of Crenshaw and 154th Street, straddling the Gardena and Los Angeles boundary, this expansive property comprises three parcels, each uniquely zoned for both residential (R-3) and commercial (C-2) purposes, spanning a total area of 20,817 square feet.

- **Parcel 4070-001-024**: This parcel features two residences, located at 15343 S Eriel Ave and 15338 Eriel Ave in Gardena, CA 90249. Collectively, these homes are valued at approximately $1,740,537.

- **Parcel 4070-001-023**: Currently utilized as a parking and storage space for La Villa Restaurant, this parcel's estimated value stands around $713,000.

- **Parcel 4070-001-022**: A combination of the La Villa Restaurant, situated at 15333 Crenshaw Blvd, Gardena, CA 90249, and a residential property at 15326 S Eriel Ave, Gardena, CA 90249. The combined estimated value of these properties is about $1,753,000.

The collective estimated value of these parcels is approximately $4,206,527. Offered for sale at $3,200,000, this presents an opportunity for the new owner to gain around $1,000,000 in value.

This distinctive property offers the best of both worlds: residential tranquility on the west side within El Camino Village, boasting significant traffic with over 26,539 vehicles per day (VPD) on 154th Street. On the east side, facing Crenshaw Boulevard - a bustling thoroughfare with over 27,865 VPD - the parcels are zoned C-2, suitable for commercial development.

This property's uniqueness lies in its dual zoning, offering flexibility for both residential and commercial use. Additionally, there is potential for further development, with the city permitting up to 20 units on the site. This blend of residential charm and commercial opportunity makes it a rare find in a sought-after location.

Under SBAP - Minimum Density 24 and Maxium Density will allow up to 72 Units

Location

State CA

County Los Angeles

Area 111 - Bodger Park/El Camino

Interior

Fireplace No

Laundry Inside

Building

Lot Description Corner Lot

Story 1

Water Public

Others

Tax ID 4070001022

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Bryant Hoover • Thompson Team Real Estate, Inc. • 310-774-2163
Bought with Joseph Nuzzolo • Thompson Team Real Estate, Inc.

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Jeff Lemen

REALTOR® | Lic# 01314776

+1(310) 892-6005

11911 San Vicente Blvd # 200, Angeles, CA, 90049

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