5960 Crenshaw BlvdLos Angeles, CA 90043

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

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.

• 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

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