5960 Crenshaw BlvdLos Angeles, CA 90043
- Retail properties
- 1,236 SF
Property Details for 5960 Crenshaw Blvd
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 1,236 SF
- Zone code
- LAC2
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 4005-007-024
- APU
- 4005007024
Description
This exceptional 1,236 square foot single-tenant retail space, located at 5960 Crenshaw Blvd, Los Angeles, CA 90043, presents a rare opportunity for a fast-food or fast-casual restaurant. Situated on the corner of Crenshaw Boulevard and 59th Street, this property boasts a highly visible location directly across from the Crenshaw/LAX Metro Train line, ensuring significant foot and vehicle traffic. The C2-2D-SP zoning allows for a variety of food service uses. The building includes 15 parking spaces for customer convenience. The entire 1,236 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property is situated in a thriving South Los Angeles neighborhood, offering excellent potential for a successful business venture. The property's APN is 4005-007-024 in Los Angeles County. This is a unique chance to establish a presence in a high-traffic area with excellent public transportation access. The property's prime location and drive-thru capability make it an ideal investment for a discerning entrepreneur seeking a high-return opportunity in the Los Angeles market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $526,434
- 6.5%
- $485,939
- 7%
- $451,229
-
Comparable approach
- Method
- Valuation
- Relative Method
- $592,295
- Geo Method
- $592,295
-
Alternative Use
- Use
- Valuation
- Residential
- $409,908
- Hospitality
- $375,473
- Educational
- $312,389
- Medical
- $323,133
- Retail
- $485,939
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.986
- Longitude
- -118.33
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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