1916 Crenshaw Blvd 20 Unit Apartment Building $2,500,000 ($125,000/Unit) 5.62% Cap Rate Los Angeles, CA 90016

1916 Crenshaw Blvd is a charming 1928 Spanish-style multifamily asset featuring attractive architectural elements, including a decorative façade, arched detailing, and strong curb appeal that enhances long-term tenant demand. The property consists of 20 units, including (16) studios and (4) one-bedroom/one-bath units, catering well to the area’s workforce housing needs. Each unit is separately metered for electricity, promoting operational efficiency and minimizing landlord utility expenses. Additional income is generated through on-site leased laundry facilities, offering convenience for residents. Ideally located along the highly trafficked Crenshaw Corridor in Mid-City Los Angeles, the property provides excellent access to public transportation, including Metro rail, and is centrally positioned near major employment and lifestyle hubs such as DTLA, USC, Culver City, Koreatown, West Adams, and Jefferson Park. With a “Very Walkable” Walk Score, tenants benefit from easy access to daily amenities. The asset presents a compelling value-add opportunity, with approximately 40% rental upside achievable through unit renovations, improved management, and operational enhancements—offering investors a clear path to increased cash flow and long-term appreciation in a supply-constrained rental market.