NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX FULLY LEASED TO SECTION 8 TENANTS
We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a 5.87% Cap rate. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.
Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.
This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a 5.87% Cap rate. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.
Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.
This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
Property Details
Price:
$4,299,000
MLS #:
PW24202422
Status:
Active
Baths:
0
Address:
2234 Crenshaw Boulevard
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Sep 30, 2024
State:
CA
ZIP:
90016
Lot Size:
7,839 sqft / 0.18 acres (approx)
Year Built:
2024
See this Listing
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Schools
Interior
Appliances
Dishwasher, E N E R G Y S T A R Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air, E N E R G Y S T A R Qualified Equipment
Fireplace Features
None
Flooring
Laminate
Heating
Central, E N E R G Y S T A R Qualified Equipment
Interior Features
Balcony, High Ceilings, Living Room Balcony, Quartz Counters, Recessed Lighting
Window Features
E N E R G Y S T A R Qualified Windows
Exterior
Community Features
Sidewalks, Urban
Electric
220 Volts
Exterior Features
Lighting
Fencing
Excellent Condition
Foundation Details
Slab
Garage Spaces
6.00
Green Energy Efficient
Appliances, Construction, Doors, H V A C, Insulation, Lighting, Thermostat, Water Heater, Windows
Green Energy Generation
Solar
Lot Features
6-10 Units/ Acre
Parking Features
Assigned
Parking Spots
8.00
Pool Features
None
Roof
Common Roof
Security Features
Automatic Gate, Card/ Code Access, Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
City Lights, Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address2234 Crenshaw Boulevard Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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Courtesy of Citivest Realty Services, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2234 Crenshaw Boulevard
Los Angeles, CA
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