1338 Crenshaw Boulevard
Los Angeles, CA, 90019
$4,500,000
Beds
0 Baths
SqFt
0.33 Acres
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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&#39'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:
Active
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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2-5 Units/ Acre
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