5960 Crenshaw BlvdLos Angeles, CA 90043

  • Retail properties
  • 1,236 SF
For Lease
$72/SF/YR View listing

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
5960 Crenshaw Blvd, Los Angeles, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,819
$1,827,840
-
$1,827,840
-
-
-
-

FAQs

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