Anchored by a 19,030-sqft C2 / TOC-Tier 2 Opportunity-Zone lot .9 miles from Fairview Heights K-Line and 1.5 mi from SoFi Stadium, Intuit Dome and Kia Forum, 7815 Crenshaw Ave marries reliable cash flow with outsized development upside. Family-owned and meticulously cared for more than 30 years, the gated compound features a 1930 Spanish eight-plex (all 1bd/1ba) plus one studio and the gated 1993 2,300-sqft 3-bed/3-bath Single Family Residence with 4-car garage in back of parcel generate a scheduled $199,518 NOI-ready rent roll, a 14.3 GRM and a 3.7% going-in cap rate even before tapping easy levers, with about 31% already guaranteed by Section 8. Eight additional secure garages and a broad drive aisle invite ADU conversions. Elevate the eight apartments to HACLA’s $3k voucher ceiling and re-tenant the SFR at market, and gross income surges to $28k/mo ($336 k/yr), dropping the forward GRM below 10 and more than doubling NOI before any ADU or cosmetic lift. For builders, Tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub-$75k land cost per future door and a coveted Opportunity-Zone timetable for potential capital-gains deferral. For yield buyers, today’s numbers already pencil at 14.3 GRM and a 3.7 % cap, squarely within the K-Line corridor’s trading band with clear runway for rapid rent growth. Backstopped by Crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from LAX, Silicon Beach and USC, this asset is the quintessential "cash-flowing covered land" with three distinct exit ramps, ADU infill, voucher-driven rent lifts, or full mixed-use redevelopment each poised to deliver outsized returns.
Property Details
Price:
$2,850,000
MLS #:
25530205
Status:
Active
Baths:
0
Address:
7815 Crenshaw Boulevard
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Apr 25, 2025
State:
CA
ZIP:
90043
Lot Size:
19,035 sqft / 0.44 acres (approx)
Year Built:
1930
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Garage Spaces
13.00
Parking Features
Driveway, Gated, Private, Auto Driveway Gate
Parking Spots
26.00
Security Features
Automatic Gate
Stories Total
2
Financial
Map
Community
- Address7815 Crenshaw Boulevard Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
Similar Listings Nearby
- 1321 W Martin Luther King Jr Boulevard
Los Angeles, CA$3,599,000
3.49 miles away
- 530 W Olive Street
Inglewood, CA$3,495,000
2.01 miles away
- 716 W 30th Street
Los Angeles, CA$3,495,000
4.91 miles away
- 1372 W 35th Place
Los Angeles, CA$3,347,000
4.20 miles away
- 602 W 75th Street
Los Angeles, CA$3,300,000
2.71 miles away
- 4227 Leimert Boulevard
Los Angeles, CA$3,275,000
2.70 miles away
- 4151 3rd Avenue
Los Angeles, CA$3,255,000
2.86 miles away
- 2636 Virginia Road
Los Angeles, CA$3,250,000
4.36 miles away
- 3024 Wellington Road
Los Angeles, CA$3,199,000
4.04 miles away
- 1929 Arlington Avenue
Los Angeles, CA$3,175,000
4.91 miles away

7815 Crenshaw Boulevard
Los Angeles, CA
LIGHTBOX-IMAGES