1338 Crenshaw Boulevard, Los Angeles, California 90019
  • $4,500,000

Overview

Property ID: SB25011258
  • Apartment, Residential Income
  • Property Type
  • 15176 Sqft
  • Area Size
  • 1947
  • Year Built

Description

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.

  • Address: 1338 Crenshaw Boulevard
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90019
  • Country: US

Details

Updated on May 20, 2025 at 12:44 am
  • Property ID SB25011258
  • Price $4,500,000
  • Property Size 15176 Sqft
  • Land Area 0.3278 Acres
  • Year Built 1947
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Conventional
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Biking

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