1444 S Crescent Heights Boulevard, Los Angeles, CA 90035
Commercial property
Sold July 2022
Listing Agent: Randolph Freeman (DRE #01257484) · Listing Office: Kairos Realty Group · Contact: 310-566-7254 · Bought with: Edan Amar · Keller Williams Hollywood Hills · MLS #21762672 · Source: CRMLS
How this sale compares
1444 S Crescent Heights Boulevard sold for $1,825,000 in July 2022, 17% under its $2,195,000 list price, after 300 days on the market. It was first listed at $4,200,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
A value-add 5 unit apartment building w/ substantial upside potential & value. Desirable Faircrest Heights neighborhood The property features an excellent unit mix consisting of (2) Three Bedroom/One Bathroom units, (1) Two-Bedroom/One Bathroom unit and (2) One-Bedroom/One-Bathroom units. All units are separately metered for gas, electric and trash. The property includes a 5 car garage in back of building and a shared laundry room. . With current rents significantly below market, the subject property offers the opportunity to upgrade the unit interiors and increase rents. Roof was replaced in 2019. (1) section 8 tenant; all tenants are on monthly agreements; At closing, the all units excluding 1 bedroom and 2 bedroom unit will be delivered vacant.
Listing description from the July 2022 sale, as reported to CRMLS.
Sale history