HELP US BUY THE BLOCK!
HELP US BECOME FULLY BLACK OWNED!WITH YOUR DONATIONS WE CAN ACCOMPLISH THE TASK OF BEING COMPLETELY BLACK OWNED. ONCE WE ARE ABLE TO BUY OUR BLOCK WE WILL CONTINUE TO FEARLESSLY BUILD OUR COMMUNITY TO BE SELF SUSTAINING AND EMPOWERING TO THE PEOPLE.COMPELLING MARKET FUNDAMENTALS WITH STRONG PROJECTED GROWTH:
Leimert Park and the broader Crenshaw corridor is well- positioned to see significant growth over the next decade. Currently, the broader Inglewood/South LA submarket boasts a vacancy rate well below the metro average. While rental rates are generally among the lowest in the county, several new developments along Crenshaw Blvd should spur new investment from institutional investors who have traditionally overlooked the market in favor of neighboring higher rent districts.
THE BUILDING:
Address: 4317-4331 Degnan Blvd - Year Built: 1948
Rentable Area: 11,708 SF
Lot Area: 17,836 SF - Zoning: C 1.5-1 SP
INNOVATIVE LEADERSHIP RESPONSIBLE FOR REACTIVATING LEIMERT PARK AS A COMMERCIAL HUB:
Black Owned and Operated Community Land Trust has a combined 85 years of entrepreneurial experience operating in South Los Angeles, including nearly 60 in Leimert Park. With deep community roots, the proposed ownership group has successfully leveraged its’ experience and cutting-edge business innovation to transform a Leimert Park into a vibrant hub for creatives, commerce, and the future of a reimagined Black Arts District along the Crenshaw corridor.
HISTORIC LEIMERT PARK AS THE NEW BLACK ARTS DISTRICT:
One of the first planned communities in Southern California, Leimert Park has been a cultural hub for Los Angeles’ Black community since the 1950s.
Today, a new generation of entrepreneurs has reactivated Leimert as the center for black culture in Los Angeles.
Positioned as the new Black Arts District in Los Angeles, Leimert Park is home to creatives and commerce centered around Black expression through art and music, as well as major annual events including the Leimert Park Jazz Festival, TEC Leimert, and the Juneteenth Celebration.
