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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 4,500,000
Est. payment /mo
Pending
1338 Crenshaw BLD Los Angeles, CA 90019
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25011258
Originating Board California Regional MLS
Year Built 1947
Lot Size 0.328 Acres
Property Description
Presenting an exceptional investment opportunity in the heart of Mid City Los Angeles: two side-by-side 20-unit properties, totaling 40 studio units. Offering 15,176 SF of rentable space on a sprawling 14,281 SF lot, this property delivers a strong 5.06% current CAP rate with substantial upside potential, including a 8.63% market CAP and a 6.72 market GRM. The 34% rental upside makes this property a standout for value-add investors. Ideally situated right off Pico Blvd, it provides convenient access to the West Side and Downtown LA, ensuring high tenant demand in this central location. Don't miss this rare opportunity to acquire a prime asset in one of LA's most central neighborhoods.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry None
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5072005018
Special Listing Condition Not Applicable
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