5748 Brynhurst Ave, Los Angeles, Los Angeles County, CA, 90043 Los Angeles CA US

We are proud to exclusively present for sale a Redevelopment Opportunity in Hyde Park, South LA. Situated on Brynhurst Ave. between 57th St. and Slauson Ave. and just west of Crenshaw Blvd., this 7,000 SF [Q] C2-1VL-SP can be delivered vacantor keep the income from the existing Single Family Home while preparing for construction! The Project was issued a Letter of Determination in 2022 and was issued corrections in 2023. The Project has not been submitted to LADBS. The building design consists of eighteen Studios, four 1 Bedroom, and nine 2 Bedroom unitsand one retail space. The Rec. Room on the ground level can potentially be converted to 2 ADUs. Five of the units will be dedicated to Very Low Income Housing. Units on the 4th and 5th floors will have large private decks. Affordable Units can be rented to Section 8 tenants for increased rents; Section 8 rental amounts have increased as of 11/1/2022 (see Section 8 page in OM). The design only features 1 parking space (for the retail unit), but the property is a minimal walk to the Crenshaw/LAX Transit Project (K Line) Metro Station - just around 0.2 miles away! Future tenants will be able to commute between El Monte, Downtown LA, San Pedro and the rest of the Los Angeles Metropolitan Area by way of the Light Rail Line just a stone's throw away from this site! The site is a short 7 minute drive to The Kia Forum, a 10 minute drive to the SoFi Stadium and Intuit Dome (future home of the LA Clippers), and much more. This property is in a Qualified Opportunity Zone. Find out more about this property. Request details here