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41-Unit Portfolio - JUST REDUCED! 2 Multifamily Properties Offered at $8,040,000 in Los Angeles, CA
Investment Highlights
- JUST REDUCED!
- Seismic retrofit completed
- Gated pedestrian and car access
- Extensive rehab & new dual-pane windows throughout
- 2 APNs, double lot at West bldgs
Executive Summary
JUST REDUCED! 24 units on over 20K sq. ft. ADU potential, too.
17 units along the Metro K Line in the Crenshaw Corridor.
ECONOMIES OF SCALE NEAR VIEW HEIGHTS.
West - An attractively reimagined 24 unit in a gentrifying LA submarket. The subject property has strong curb appeal with its electronically-controlled access, new paint
and dual pane windows, throughout. There is an inherent efficiency with this building, in that it is made up of 2 parcels - you can get around the mandated on-site manager requirement. Very strong, long-term management - an easy one to take over, as a new Buyer.
Crenshaw - An attractively reimagined 17 unit in a gentrifying LA submarket. The subject property has strong curb appeal with its electronically-controlled access, new
paint and dual pane windows, throughout. Excellent 'walkability' to retail and dining along one of LA's better known thoroughfares. The property has ample open and
carport parking - seismic retrofit complete, as well. A very straightforward investment option for an opportunistic Buyer.
BOTH ASSETS BENEFIT FROM CONSCIENTIOUS MAINTENANCE, THOUGHTFUL REHAB AND UPGRADES. STRONG MANAGEMENT AND OWNERSHIP, OVER THE
YEARS.
6736-6800 West Blvd. 24 units on 2 lots of almost 21K sq. ft. total 9.51 GRM, 7.03% Cap Rate Exclusively Listed at $4,870,000.
6121 Crenshaw Blvd. 17 units on an almost 11K sq. ft. lot 9.46 GRM, 7.13% Cap Rate Exclusively Listed at $3,170,000
Buildings can be sold separately.
Email or call with questions or interest.
17 units along the Metro K Line in the Crenshaw Corridor.
ECONOMIES OF SCALE NEAR VIEW HEIGHTS.
West - An attractively reimagined 24 unit in a gentrifying LA submarket. The subject property has strong curb appeal with its electronically-controlled access, new paint
and dual pane windows, throughout. There is an inherent efficiency with this building, in that it is made up of 2 parcels - you can get around the mandated on-site manager requirement. Very strong, long-term management - an easy one to take over, as a new Buyer.
Crenshaw - An attractively reimagined 17 unit in a gentrifying LA submarket. The subject property has strong curb appeal with its electronically-controlled access, new
paint and dual pane windows, throughout. Excellent 'walkability' to retail and dining along one of LA's better known thoroughfares. The property has ample open and
carport parking - seismic retrofit complete, as well. A very straightforward investment option for an opportunistic Buyer.
BOTH ASSETS BENEFIT FROM CONSCIENTIOUS MAINTENANCE, THOUGHTFUL REHAB AND UPGRADES. STRONG MANAGEMENT AND OWNERSHIP, OVER THE
YEARS.
6736-6800 West Blvd. 24 units on 2 lots of almost 21K sq. ft. total 9.51 GRM, 7.03% Cap Rate Exclusively Listed at $4,870,000.
6121 Crenshaw Blvd. 17 units on an almost 11K sq. ft. lot 9.46 GRM, 7.13% Cap Rate Exclusively Listed at $3,170,000
Buildings can be sold separately.
Email or call with questions or interest.
Taxes & Operating Expenses (Actual - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$831,657
|
| Other Income |
$15,500
|
| Vacancy Loss |
$24,950
|
| Effective Gross Income |
$822,207
|
| Taxes |
$96,319
|
| Operating Expenses |
$157,730
|
| Total Expenses |
$254,049
|
| Net Operating Income |
$568,158
|
Taxes & Operating Expenses (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $831,657 |
| Other Income | |
|---|---|
| Annual | $15,500 |
| Vacancy Loss | |
|---|---|
| Annual | $24,950 |
| Effective Gross Income | |
|---|---|
| Annual | $822,207 |
| Taxes | |
|---|---|
| Annual | $96,319 |
| Operating Expenses | |
|---|---|
| Annual | $157,730 |
| Total Expenses | |
|---|---|
| Annual | $254,049 |
| Net Operating Income | |
|---|---|
| Annual | $568,158 |
Property Facts
| Price | $8,040,000 | Number of Properties | 2 |
| Price / SF | $325.85 / SF | Individually For Sale | 2 |
| Cap Rate | 7.07% | Total Building Size | 24,674 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Status | Active |
| Price | $8,040,000 |
| Price / SF | $325.85 / SF |
| Cap Rate | 7.07% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 24,674 SF |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Tropicana
6736-6800 West Blvd, Los Angeles, CA 90043 |
Multifamily | 17,122 SF | 1957 | $4,870,000 |
| 6121 Crenshaw Blvd, Los Angeles, CA 90043 | Multifamily | 7,552 SF | 1964 | $3,170,000 |
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41-Unit Portfolio - JUST REDUCED!