6510-6520 8th Avenue &
3008 Hyde Park Boulevard
Los Angeles, ca 90043
Daniel Hirth and Elijah Suval of The Hirth Group have been exclusively selected to market for sale 6510-6520 8th Avenue & 3008 Hyde Park Boulevard - an existing income producing property and phenomenal owner/user opportunity. The subject property consists of four parcels totaling ±14,601 SF of building on an approximate 33,100 SF lot and is located just east of the booming Crenshaw Boulevard. The warehouse on the northeast side of the property (±10,601 SF) is made up of steel-frame construction, has 20 ft high ceilings, and a 3 Phase electrical panel. The building on the southeast side of the property (±4,000 SF) is currently occupied by an auto collision/repair shop. All tenants on the property have month-to-month leases allowing tremendous flexibility to a new owner. The property includes a cell tower located directly in the middle of property with a 99 year lease expiring in 2115; re-location cost estimated at $300,000-$500,000. This is an excellent opportunity for an owner/user or value-add industrial developer looking to capitalize on the ever-gentrifying Inglewood and South Los Angeles submarkets.
Potential Development Opportunity: The subject property is zoned CM-1LD-CPIO TOC Tier 2 with a 60% density bonus and a FAR of 2.175:1, with a 56 ft max height restriction. The max amount of units that can be built at this location is 68 units.
6510-6520 8th Avenue & 3008 Hyde Park Boulevard are strategically located just east of Crenshaw Boulevard, neighboring the Park Mesa Heights, Dorsett Village, Hyde Park, and Van Ness neighborhoods. The subject property is located less than a mile away from some of South Los Angeles biggest developments: The Curve @ West Angeles and the new Crenshaw/LAX line. The Curve is a $24 million dollar, 70-unit, mixed-use senior housing development with 2,000 SF of ground retail space on the corner of Crenshaw Boulevard and W 54th Street. The Crenshaw/LAX line is a $1.7 billion-dollar, 8.5-mile metro rail starting in Leimert Park and extending all the way to LAX. The goal of the Crenshaw line is to offer an alternative transportation option to congested roadways and provide significant environmental benefits and opportunities throughout Los Angeles County. It is set to start boarding passengers in the summer of 2020. The properties are also located next to an array of national tenants, a few of which include: 7/11, Popeyes Louisiana Kitchen, T-Mobile, Burger King, Ralphs, Rite Aid, US Bank, and Dollar Tree, just to name a few. Note: Buyers to verify buildable potential with the City of Los Angeles.