1187 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90019
$5,500,000 USD
310-890-2586
1187 Crenshaw Blvd, Los Angeles, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/11
null | 3.76% Cap Rate

1187 Crenshaw Blvd
Los Angeles, CA 90019


HIGHLIGHTS

  • Eight two-bedroom with two-bath units
  • Newer construction built in 2020
  • Light and bright open floorpan

OVERVIEW

$300K Price reduction! Excellent opportunity to purchase an apartment built in 2020. The apartment consists of Eight two-bedroom two-bath units. The apartment is owned by a contractor who built the multi-family building to hold in his own portfolio. No low income units. Stunning contemporary apartment with incredible attention to detail. All the units feature private balconies, air and heat with built-in stainless steel appliances. Ample parking is provided for each unit. Open floorpan -light and airy, beautiful kitchens, well appointed bathrooms, secure access building all in a fabulous location with close proximity to the 10-freeway-allowing the tenant easy access to all major freeway systems. Close proximity to both Downtown Los Angeles, the Santa Monica area. Minutes to the Hancock Park, shopping and dining at Larchmont village, Windsor Square and restaurants and shopping in the Koreatown area. Strong cash flow. At the current asking price this Multi-family apartment building cannot be duplicated. Excellent future rental for the upcoming 2028 Los Angeles Summer Olympics! Call for more information.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,500

CAP RATE

3.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,917 SF

ZONING

R3-1-0

APN/PARCEL ID

5082-025-002

ASK ABOUT THIS PROPERTY

Steven ItoColdwell Banker Commercial RealtyMore Info
310-890-2586

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Steven ItoColdwell Banker Commercial RealtyMore Info
310-890-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.