5107 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,700,000 USD
626-399-2415
5107 Crenshaw Blvd, Los Angeles, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/10
null | 6.5% Cap Rate

5107 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Fully renovated historically charming Tudor style building with two new construction ADU's in the rear
  • Property will be delivered vacant- opportunity for an operator to place own tenant base
  • Located adjacent to exclusive Windsor Hills Neighborhood
  • Diverse unit mix of studios (2), three (3), and four (1) bedroom units
  • Located in a qualified opportunity zone
  • Major system upgrades include electric and plumbing

OVERVIEW

Young Lewin Advisors is pleased to present 5107 Crenshaw Blvd, a turnkey six unit apartment style building in the Windsor Hills neighborhood of Los Angeles to market. The front structure consists of a charming Tudor style brick façade four-plex that has was fully renovated in 2024 and two brand new three bed/three bath ADU's were built in the rear of the property. The front four plex consisted of (1) four bed/four bath unit, (1) 3 bed/2 bath unit, and (2) studio units. The two new ADU's consist of (2) three bed/three bath units. Located adjacent to an affluent single family neighborhood, homes one block west on S Victoria Ave sell for at least $1,000,000. The property is currently operating as a short term rental with the front four units fully furnished and will be delivered vacant at the close of escrow allowing a new operator to place their own tenant base. Due to the high bedroom/bathroom count and almost every bedroom having an attached bathroom, the property lends itself well to a co-living type of operator. This is a fifteen bed/fourteen bath property- it potentially could be a great fit for a subsidized charitable organization to own to house individuals as part of a shared living program that could move into a brand new building with historic charm walking distance to the Expo line for easy public transit around LA. A private investor could also lease the units to market tenants and with proven projected rents and operate at a 6.5% cap rate and a 10.71 GRM.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$466 USD /SF

# OF UNITS

6

PRICE/UNIT

$450,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,479 SF

ZONING

-

APN/PARCEL ID

5013-017-013

ASK ABOUT THIS PROPERTY

Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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