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41-Unit Portfolio 2 Multifamily Properties Offered at $8,090,000 in Los Angeles, CA
Investment Highlights
- Extensive rehab & new dual-pane windows throughout
- Gated pedestrian and car access
- 2 APNs, double lot at West bldgs
- Extensive rehab & new dual-pane windows throughout
- Seismic retrofit completed
Executive Summary
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.
First, a 24-unit complex made up of two 12-unit buildings that share a common, secured entry. There's an inherent efficiency of operation, here - two 12-unit buildings on each parcel; therefore, NO state-mandated on-site manager, required. Most units rehabbed over the recent past and dual-pane windows, throughout. Large lots - ADU additions possible in the rear.
Second, a 17-unit in the gentrifying Crenshaw Corridor. A hotbed of new private and municipal investment; for example, there are newer-construction apartments next door and across the street - and the Crenshaw Corridor Specific Plan includes the Metro K Line. This building has secured pedestrian and car access, newer dual-pane windows and has been seismically-retrofitted.
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
9.45 GRM, 7.10% Cap Rate
Exclusively Listed at $4,895,000
6121 Crenshaw Blvd.
17 units on an almost 11K sq. ft. lot
9.37 GRM, 7.24% Cap Rate
Exclusively Listed at $3,195,000
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.
First, a 24-unit complex made up of two 12-unit buildings that share a common, secured entry. There's an inherent efficiency of operation, here - two 12-unit buildings on each parcel; therefore, NO state-mandated on-site manager, required. Most units rehabbed over the recent past and dual-pane windows, throughout. Large lots - ADU additions possible in the rear.
Second, a 17-unit in the gentrifying Crenshaw Corridor. A hotbed of new private and municipal investment; for example, there are newer-construction apartments next door and across the street - and the Crenshaw Corridor Specific Plan includes the Metro K Line. This building has secured pedestrian and car access, newer dual-pane windows and has been seismically-retrofitted.
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
9.45 GRM, 7.10% Cap Rate
Exclusively Listed at $4,895,000
6121 Crenshaw Blvd.
17 units on an almost 11K sq. ft. lot
9.37 GRM, 7.24% Cap Rate
Exclusively Listed at $3,195,000
Buildings can be sold separately.
Email or call with questions or interest.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$843,609
|
| Other Income |
$15,500
|
| Vacancy Loss |
$25,308
|
| Effective Gross Income |
$833,801
|
| Taxes |
$96,999
|
| Operating Expenses |
$157,730
|
| Total Expenses |
$254,729
|
| Net Operating Income |
$579,072
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $843,609 |
| Other Income | |
|---|---|
| Annual | $15,500 |
| Vacancy Loss | |
|---|---|
| Annual | $25,308 |
| Effective Gross Income | |
|---|---|
| Annual | $833,801 |
| Taxes | |
|---|---|
| Annual | $96,999 |
| Operating Expenses | |
|---|---|
| Annual | $157,730 |
| Total Expenses | |
|---|---|
| Annual | $254,729 |
| Net Operating Income | |
|---|---|
| Annual | $579,072 |
Property Facts
| Price | $8,090,000 | Number of Properties | 2 |
| Price / SF | $327.88 / SF | Individually For Sale | 2 |
| Cap Rate | 7.20% | Total Building Size | 24,674 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Status | Active |
| Price | $8,090,000 |
| Price / SF | $327.88 / SF |
| Cap Rate | 7.20% |
| 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 | $4,895,000 |
| 6121 Crenshaw Blvd, Los Angeles, CA 90043 | Multifamily | 7,552 SF | 1964 | $3,195,000 |
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41-Unit Portfolio
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