4034 Crenshaw Blvd | Los Angeles, CA 90008
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- LoopNet Team
4034 Crenshaw Blvd
Los Angeles, CA 90008
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trust Sale. No Court confirmation required
- Tenant is Krispy Kreme, with current lease term until Oct. 31, 2029.
- Starting CAP rate of 5.00% effective Nov. 1, 2024, when the monthly NNN base rent will be $20,743.32
- Prime commercial NNN property on a ground lease in a highly sought-after Leimert Park
- South-East corner of the signalized intersection of Crenshaw Blvd. & Martin Luther King Jr. Blvd.
- Tenant has 2 additional 5-year options to extend beyond Oct. 2029, with annual CPI increases
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,619 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.50 AC
Zoning
LAC2 - Commercial
Frontage
165’ on crenshaw blvd
AMENITIES
- Corner Lot
- Restaurant
- Drive Thru
PROPERTY TAXES
| Parcel Number | 5033-004-035 | Improvements Assessment | $1,100,000 |
| Land Assessment | $4,000,000 | Total Assessment | $5,100,000 |
PROPERTY TAXES
Parcel Number
5033-004-035
Land Assessment
$4,000,000
Improvements Assessment
$1,100,000
Total Assessment
$5,100,000
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