2109 Crenshaw Boulevard, Los Angeles, CA 90016
Property
Sold June 2024
Listing Agent: Keith Moret (DRE #01802527) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Nabil Suleiman · The CSSA Group · MLS #24363459 · Source: CRMLS
About this property
This 8 unit building in Mid-City represents a well kept, late vintage investment that the family has lovingly maintained. They've left room at the table however, for the new owner to make it cash-flow with over 80% upside, and a clear path to profitability. The 1992 Construction circumvents the more restrictive LA city rent regulations. In July of this year, 4 of the 8 units are eligible for an 8.8% rent increase. There are 8 huge townhome style units. (4) of them are 2 BR /2.5 BA and (4) are 2BR/2BA. The units have updated kitchens and baths, washer/dryers, all copper plumbing, and new HVAC systems (See photos). The building has subterranean parking with gated entry and parking for 17 cars. It has secure entry to the lobby and a security system with 16 cameras and on-site monitor. The location is ideal! It's only 300 yards to Starbucks, and a few blocks to Washington-Irving Library, Planet Fitness, T-Mobile store, The Market, and US Post Office. AT $255 PSF, it represents outstanding value with incredible upside.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history