3821 Lockland Drive,  Los Angeles CA, 90008 (Residential Income)

Status: Backup Offers
MLS#: 17273054
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Last Updated: 12/10/2017 10:17 PM
Description for 3821 Lockland Drive Los Angeles, CA 90008
The subject property is a 9-unit multifamily property located in the desirable and rapidly improving Baldwin Hills/Crenshaw neighborhood of Los Angeles, CA. The building is situated just one block southwest of the Baldwin Hills Crenshaw Plaza, an existing shopping center with approved plans to be redeveloped into 961 residential units, 300,000 square feet of retail and restaurant space, a 10-story office building, and a 400-room hotel. Also within one block is the brand new Kaiser Permanente facility slated to open in late 2017 after a $90 million investment in construction costs. The City of Los Angeles is also heavily invested in improving this neighborhood, with the upcoming Crenshaw/LAX transit line extension, an 8.5-mile rail line connecting the Metro Blue Line with the Metro Green Line, including direct access to Los Angeles International Airport.
Price
$1,450,000
Los Angeles
17273054
Backup Offers
Description
The subject property is a 9-unit multifamily property located in the desirable and rapidly improving Baldwin Hills/Crenshaw neighborhood of Los Angeles, CA. The building is situated just one block southwest of the Baldwin Hills Crenshaw Plaza, an existing shopping center with approved plans to be redeveloped into 961 residential units, 300,000 square feet of retail and restaurant space, a 10-story office building, and a 400-room hotel. Also within one block is the brand new Kaiser Permanente facility slated to open in late 2017 after a $90 million investment in construction costs. The City of Los Angeles is also heavily invested in improving this neighborhood, with the upcoming Crenshaw/LAX transit line extension, an 8.5-mile rail line connecting the Metro Blue Line with the Metro Green Line, including direct access to Los Angeles International Airport.
Listing Information
Property Type: Cluster, Other
0.18 Acres 8,034 sq.ft. $251.65
1951
9 Total
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
LAR3
Driving Directions
The building is situated just one block southwest of the Baldwin Hills Crenshaw Plaza. Located in the Desirable Baldwin Hills/Crenshaw Area of Los Angeles.
Financial Considerations
5032019006
,$34,589
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90008 has a population of 3,971,883.

The median household income in Los Angeles, California 90008 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90008 is 34.6 years.

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Courtesy: Roderick "Rick" Raymundo - Marcus & Millichap
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