1338 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90019
$4,500,000 USD
310-780-1899
1338 Crenshaw Blvd, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/13
null | 5.06% Cap Rate

1338 Crenshaw Blvd
Los Angeles, CA 90019


HIGHLIGHTS

  • (2) Side-By-Side 20-Unit Properties in Mid City
  • (40) Studio Units
  • 5.06% CAP | 8.99 GRM
  • 34% Rental Upside | 8.63% Market Cap | 6.72 Market GRM
  • 15,176 Total SF On a Large 14,281 SF Lot
  • Good Location in Mid City Right Off of Pico Blvd – Easy Access to the West Side & Downtown LA

OVERVIEW

Presenting an exceptional investment opportunity in the heart of Mid City Los Angeles: two side-by-side 20-unit properties, totaling 40 studio units. Offering 15,176 SF of rentable space on a sprawling 14,281 SF lot, this property delivers a strong 5.06% current CAP rate with substantial upside potential, including a 8.63% market CAP and a 6.72 market GRM. The 34% rental upside makes this property a standout for value-add investors. Ideally situated right off Pico Blvd, it provides convenient access to the West Side and Downtown LA, ensuring high tenant demand in this central location. Don't miss this rare opportunity to acquire a prime asset in one of LA’s most central neighborhoods.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

40

PRICE/UNIT

$112,500

CAP RATE

5.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crenshaw Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,288 SF

ZONING

C2

APN/PARCEL ID

5072-005-017,5072-005-018

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

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Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

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