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2234 Crenshaw Blvd
Los Angeles, CA 90016
NON RENT CONTROL - ACTUAL 5.82% CAP · Multifamily Property For Sale
·
6 Units
Investment Highlights
- 2234 Crenshaw Avenue is a one-of-a-kind opportunity to invest in a non-rent controlled six-unit multi-family building with a 6% proforma cap rate.
- Brand new construction with plans for an ADU, this luxury green-certified complex has separate water, gas, and solar power electricity meters.
- Plans in hand for ADU!
- A hassle-free investment, these townhomes can be delivered fully leased at escrow; three units are leased, and one is held vacant for buyer viewing.
- Sought-after Mid-City neighborhood near world-changing tech companies such as YouTube, Hulu, Google, and Meta in Malibu, Culver City, and Playa Vista.
- No Rent Control - Actual 5.46% CAP!
Property Facts
| No. Units | 6 | Building Size | 10,110 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2024 |
| Building Class | B | Parking Ratio | 0.79/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R3-1 - The Multiple Residential (R-3) Zone is intended to promote the development of grouped housing such as townhouses, condominiums and apartments. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 10,110 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R3-1 - The Multiple Residential (R-3) Zone is intended to promote the development of grouped housing such as townhouses, condominiums and apartments. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Dining Room
Site Amenities
- Controlled Access
- Fenced Lot
- Gated
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $4,075 | 1,234 - 1,336 |
| 3+3 | 1 | $4,375 | 1,553 |
| 4+3 | 1 | $5,200 | 1,553 |
| 3+2.5 | 2 | $3,950 | 1,248 |
Property Taxes
| Parcel Number | 5060-005-005 | Improvements Assessment | $1,798,326 |
| Land Assessment | $1,039,983 | Total Assessment | $2,838,309 |
Property Taxes
Parcel Number
5060-005-005
Land Assessment
$1,039,983
Improvements Assessment
$1,798,326
Total Assessment
$2,838,309
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