$1,300,000
FOR SALEActive1406 Crenshaw
Los Angeles CA 90019
5,270
SF
Multi-Family
Type
1962
Built
$247/SF
Cost/SF
Listing Agent
Michelle K. Smith-Pullum
DRE #: 01462110
Brokerage: eXp Realty of California Inc
Location Analysis
About This Property
Welcome to this fantastic investment opportunity in one of the most desirable rental markets in Los Angeles City. This apartment building is located in the Midtown Crenshaw area. The building is in the Crenshaw corridor, Midtown and Wilshire District, it's within walking distant to a number of restaurants, cafes and shopping centers. MTA public transportation is very accessible, and the 10 Freeway. The building has been well maintained and four (4) of the Units have been recently upgraded. There is a total of seven (7) units, consisting of six 1 bedroom / 1 bathroom & one unit (1) with 2 bedrooms / 1 bath. The is one assigned parking space for each unit in the back of the building. All of the units have their own Gas & Water meters. The building is subject to Los Angeles Rent Stabilization Ordinance (RSO) guidelines.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
LAR3
Zoning
0.1636 acres
Lot Size
7
Total Units
5,270 SF
Square Footage
$246.68/SF
Price per SF
5.69%
Cap Rate
$71K
NOI
1,962
Year Built
2
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5.69% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
5.69%
Cap Rate
$71,418
NOI
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CRMLS
MLS# SB26228309
Listed:
Nalren refreshed:
Last updated
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Listed by: Pellego, Inc.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.