Log In/Sign Up
Your email has been sent.
Inglewood Flats 4242 Crenshaw Blvd 124 Unit Apartment Building For Sale Los Angeles, CA 90008
Investment Highlights
- TRANSIT-ORIENTED LOCATION
- NEWLY BUILT, INSTITUTIONAL QUALITY
- STEPS TO LEIMERT PARK VILLAGE
- UNDERSUPPLIED HOUSING MARKET
- RETAIL & ROOFTOP AMENITY
- INFILL LOCATION
Executive Summary
CBRE is pleased to present 4242 Crenshaw Blvd, a newly constructed five-story multifamily community containing 124 units in the Leimert Park submarket of Los Angeles. Completed in 2026, the Property offers a mix of studio, one, and two bedroom units averaging 755 square feet, along with ±6,000 square feet of groundfloor retail across two divisible suites and an expansive ±5,000-square-foot rooftop deck. Built on a 0.84-acre urban infill parcel, 4242 Crenshaw combines contemporary design with a highly connected location, positioning it as one of the newest and most accessible multifamily assets in the submarket.
Leimert Park and neighboring Baldwin Hills are among the most undersupplied markets for contemporary rental housing in Los Angeles County, with only two other 100+ unit market-rate community delivered in the submarket over the past sixty years. This scarcity of new supply, paired with elevated area home prices that keep homeownership out of reach for most renters, positions 4242 Crenshaw as a limited-risk investment with superior rent growth prospects and long-term value appreciation.
Leimert Park and neighboring Baldwin Hills are among the most undersupplied markets for contemporary rental housing in Los Angeles County, with only two other 100+ unit market-rate community delivered in the submarket over the past sixty years. This scarcity of new supply, paired with elevated area home prices that keep homeownership out of reach for most renters, positions 4242 Crenshaw as a limited-risk investment with superior rent growth prospects and long-term value appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 0.85 AC |
| No. Units | 124 | Building Size | 161,027 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2026 |
| Building Class | A | Parking Ratio | 0.4/1,000 SF |
| Zoning | C1.5 - Limited Commercial - C1 Uses – Retail, Theaters, Hotels, Broadcasting Studios, Parking Buildings, Parks and Playgrounds | ||
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.85 AC |
| Building Size | 161,027 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 2026 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | C1.5 - Limited Commercial - C1 Uses – Retail, Theaters, Hotels, Broadcasting Studios, Parking Buildings, Parks and Playgrounds |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Smoke Free
- Bicycle Storage
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 490 |
| 1+1 | 48 | - | 680 - 765 |
| 2+2 | 56 | - | 915 - 950 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5024-017-037 | Improvements Assessment | $18,360,000 |
| Land Assessment | $11,673,288 | Total Assessment | $30,033,288 |
Property Taxes
Parcel Number
5024-017-037
Land Assessment
$11,673,288
Improvements Assessment
$18,360,000
Total Assessment
$30,033,288
Contacts
-
Edward Matevosian -
Jenny Eng -
Kristina Kheshvadjian -
Anique Clark -
Khalid Yosufzai -
CBRE, Inc.
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
