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1183 Crenshaw Blvd 8 Unit Apartment Building $3,440,000 ($430,000/Unit) 5% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Newer construction built in 2015
- Private Balconies
- Central A/C and Heat
- Eight mixed units, spacious open-concept living
- In-unit Washer/Dryer and Tankless water heater
- Gated and Assigned Parking for each unit
EXECUTIVE SUMMARY
This 8-unit residential income property at 1183 Crenshaw offers an exceptional investment opportunity. It features high-quality construction. The units are designed with modern aesthetics, spacious layouts, and stainless steel appliances, perfect for luxury living. Each unit includes energy-efficient appliances and eco-friendly features for sustainable living, laminate floors throughout, in-unit washer and dryer. Located in a highly desirable neighborhood of Los Angeles, this property combines a prime location with easy access to Freeways and proximity to Koreatown, Downtown, West Hollywood, Westwood, Century City, Santa Monica, and the Olympic Blvd Tech corridor. Public transportation is readily accessible. Exempt from State Rent Control.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$263,400
|
$33.93
|
| Other Income |
$2,700
|
$0.35
|
| Vacancy Loss |
$7,902
|
$1.02
|
| Effective Gross Income |
$258,198
|
$33.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$86,260
|
$11.11
|
| Net Operating Income |
$171,938
|
$22.15
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $263,400 |
| Annual Per SF | $33.93 |
| Other Income | |
|---|---|
| Annual | $2,700 |
| Annual Per SF | $0.35 |
| Vacancy Loss | |
|---|---|
| Annual | $7,902 |
| Annual Per SF | $1.02 |
| Effective Gross Income | |
|---|---|
| Annual | $258,198 |
| Annual Per SF | $33.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $86,260 |
| Annual Per SF | $11.11 |
| Net Operating Income | |
|---|---|
| Annual | $171,938 |
| Annual Per SF | $22.15 |
PROPERTY FACTS
| Price | $3,440,000 | Apartment Style | Low-Rise |
| Price Per Unit | $430,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5% | Building Size | 7,762 SF |
| Gross Rent Multiplier | 13.06 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Zoning | R3-1-0 | ||
| Price | $3,440,000 |
| Price Per Unit | $430,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.06 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 7,762 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2015 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R3-1-0 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
- Patio
SITE AMENITIES
- Controlled Access
- Gated
- Gas Range
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,950 | - |
| 2+1 | 4 | $2,750 | - |
| 2+1.5 | 3 | $3,000 | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5082-025-028 | Improvements Assessment | $1,147,288 |
| Land Assessment | $675,353 | Total Assessment | $1,822,641 |
PROPERTY TAXES
Parcel Number
5082-025-028
Land Assessment
$675,353
Improvements Assessment
$1,147,288
Total Assessment
$1,822,641
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1183 Crenshaw Blvd
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