310 S Crescent Heights Blvd - Apartments FOR SALE


Los Angeles, CA 90048
$1,750,000 USD
310-595-3642
310 S Crescent Heights Blvd, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 6.17% Cap Rate

310 S Crescent Heights Blvd
Los Angeles, CA 90048


HIGHLIGHTS

  • 4-unit apartment, built in 1936 on the beautiful tree-lined street of Crescent Heights Boulevard
  • Centrally located between the neighborhoods over Beverly Grove and Fairfax
  • One of the only properties that features a spacious private rooftop
  • Unit Mix: (2) 1 Bed/1 Bath, (1) 1 Bed/1 Bath w/ Roof Deck & (1) 2 Bed/2 Bath w/ Roof Deck units
  • Three (3) units deliverable vacant | Immediate upside potential
  • Potential ADU opportunity: three detached garages allows flexibility with what you can build

OVERVIEW

JLL, as exclusive advisor, is pleased to present for sale 310 S Crescent Heights (the “Property” or “Crescent Heights”); a centrally located multifamily investment opportunity situated in the renowned Mid-Wilshire submarket of Los Angeles. Crescent Heights is a 4-unit, 2-story property comprised of 1- and 2-bedroom apartments with an average unit size of ±938 square feet. Perfectly positioned at the crossroads of Beverly Hills, West Hollywood, and the Grove, this exceptional Property offers an unparalleled blend of convenience and accessibility to a vast array of amenities. Boasting proximity to major employment centers throughout Los Angeles, this prime location ensures seamless connectivity to the city’s vibrant hubs. Notably, Mid-Wilshire has emerged as one of the most coveted neighborhoods in Los Angeles, with its unrivaled collection of high-performing shopping centers, renowned dining establishments, and cultural landmarks. From the world-class culinary delights of The Little Door, Angelini Osteria, and Bacari, to the iconic presence of the Original Farmers Market and the internationally acclaimed Los Angeles County Museum of Art, this vibrant destination captivates both permanent residents and visitors alike, promising an unforgettable experience of all that the area has to offer.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

310 S Crescent Heights

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,475 SF

ZONING

LAR3

APN/PARCEL ID

5511-028-011

ASK ABOUT THIS PROPERTY

310-595-3642

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310-595-3642

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