Marcus and Millichap is pleased to present a sixteen-unit multifamily building located in the rapidly growing submarket of Baldwin Hills in Los Angeles. Situated at 4062
South Muirfield Road, the half-acre property is south of West Martin Luther King Jr Boulevard, and west of Crenshaw Boulevard.
Baldwin Hills, well known for its rapid gentrification and rich cultural diversity, is located in the heart of western Los Angeles. Surrounded by up and coming markets like
Inglewood, Crenshaw, and Culver City, this market is poised for continued growth and appreciating rents. The nearly adjacent Baldwin Hills Crenshaw Plaza is undergoing a
transformative redevelopment project that is planned to add 410 apartment units, 551 condos, 300,000 square feet of retail space, a hotel, and a 10-story office building. In
addition, LA Metro and Watt Companies are teaming up to redevelop the southern side of the intersection at Crenshaw and Exposition Boulevards, by adding 492 residential
units to it, as well as commercial and retail space.
Originally built in 1948, this sixteen unit multifamily offering hosts a great unit mix of eight (8) two bedroom/one bathroom units, and eight (8) one bedroom/one bathroom
units. The lot boasts 21,814 square feet, its own courtyard, beautiful landscaping, gated entry, vacant garages, and tenants enjoy a close proximity to the Baldwin Hills
Crenshaw retail destination and Kenneth Hahn State Recreation Area. Between the eight vacant parking garages, and vacant laundry room, this building has ample
opportunity for an investor to realize the maximum operating income that this property can produce.
The offering presents the perfect opportunity for any savvy investor to acquire a mid-sized asset in a quickly appreciating submarket of Los Angeles that is subject to
gentrification and redevelopment projects over the next few years.
