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.
Property Details
Price:
$4,500,000
MLS #:
SB25011258
Status:
Pending
Baths:
0
Address:
1338 Crenshaw Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 10, 2025
State:
CA
ZIP:
90019
Lot Size:
14,281 sqft / 0.33 acres (approx)
Year Built:
1947
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Schools
Interior
Exterior
Community Features
Biking
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1338 Crenshaw Boulevard Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1338 Crenshaw Boulevard
Los Angeles, CA
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