Listed by Kidder Mathews Los Angeles West
$2,500,000
2129 Crenshaw Boulevard
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,520
Net Rentable (SqFt) 9,520
Units 8
Cap Rate 5.03%
NOI $125,700
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.48%
Pro-Forma NOI $187,000
Price per SqFt $263
Year Built 1992
Lot Size (SqFt) 7,222
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.58
Investment Type Value Add
8 Unit 1992 Non-RSO | 36% Upside | West Adams Adjacent
Marketing description
- Not subject to Los Angeles RSO (Rent Stabilization Ordinance)
- Built in 1992, offering a superior vintage compared to other opportunities
- Eight (8) townhome style units, which are in high rental demand
- 15 parking stalls in a gated garage
Investment highlights
2129 Crenshaw Blvd presents an excellent opportunity to acquire a 8-unit apartment building in Arlington Heights, Adjacent to West Adams, and just minutes to Fairfax, Miracle Mile, Beverly Grove, Pico-Robertson, and Downtown.
The property is comprised of a 9,520 SF structure on a LAR3-zoned lot on 7,222 land SF. The unit mix consists of (8) 2 bedroom/2 and one-half bathroom townhome-style units with in-unit washer & dryers. The property offers 15 parking stalls in a gated garage. In-place rents average $2,134 while market rents are $2,900, offering investors a 39% upside.
Listing Contacts
Listed by Kidder Mathews Los Angeles West
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,700.00
$10,475.00/mo
Valuation Metrics
0
DSCR
5.03%
Cap Rate
5.03%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Phone
Is there information that looks off?
