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$2,526,000

FOR SALE
Active

1183 Crenshaw Boulevard

Los Angeles, CA

MLS# NP26240789

Mixed Use
6 days on marketNalren refreshed

Listing Agent

Chad Pape

Listing Agent

Coldwell Banker Realty

DRE #: 01411814

(949) 394-8971

Brokerage: Coldwell Banker Realty

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

2015

Year Built

6,554 sqft

Lot Size

N/A

Price/Sq Ft

16

Garage Spaces

N/A

HOA

Mixed Use

Property Type

Description

Eight units, built in 2015, exempt from state rent control, with two vacancies ready to lease at market rents. This three-story contemporary building offers approx. 7,762 sq ft on a 6,554 sq ft LAR3 lot, with a mix of 1-, 2- and 3-bedroom units. Every unit has an open floor plan, central air and heat, in-unit washer and dryer, and stainless appliances including dishwasher and gas cooktop, with gated garage parking for 12 cars and fire sprinklers throughout. Those are the features renters search for, and they keep units leased. Current NOI is $171,938, with upside from filling the vacant units and bringing below-market rents up to pro forma. The location draws tenants on its own: quick freeway access and minutes to Koreatown, Downtown, Hancock Park, Century City and the Olympic Blvd tech corridor. Contact the listing agent for the full rent roll and financials, and schedule your tour today.

Facts & Features

Interior

Laundry Features
Laundry Room

Exterior

Private Pool
No
Lot Features
Sprinklers In Front, Sprinklers In Rear

Building

Year Built
2015
Building Area Total
7,762
Stories Total
2

Utilities

Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
16
Parking Total
16

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