CA > Los Angeles
Los Angeles, CA 90019,1338 Crenshaw BLVD
Los Angeles, CA 90019,1338 Crenshaw BLVD
Los Angeles, CA 90019,1338 Crenshaw BLVD
Los Angeles, CA 90019,1338 Crenshaw BLVD
Los Angeles, CA 90019,1338 Crenshaw BLVD
Los Angeles, CA 90019,1338 Crenshaw BLVD
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John Dandoy

John Dandoy

+1(909) 224-1278
$ 4,500,000
Est. payment | /mo

0.33 Acres Lot

Save
$ 4,500,000
Est. payment | /mo
Save

0.33 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SB25011258

HOA Y/N No

Year Built 1947

Lot Size 0.328 Acres

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5072005018

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 224-1278

jrdandoy@gmail.com

101 N Indian Hill Blvd STE C1-208, Claremont, California, 91711, United States

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1338 Crenshaw BLVD