4252 S Crenshaw Blvd | Los Angeles, CA 90008
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- LoopNet Team
4252 S Crenshaw Blvd
Los Angeles, CA 90008
4252 Crenshaw · Multifamily Property For Sale
·
111 Units
INVESTMENT HIGHLIGHTS
- An investor can capitalize on sub 3% interest rates and lock-in rates that significantly increase cash flow
- Rent is projected to increase an additional 7.5% over the next 3 years
- Close proximity to high-paying employers such as Kaiser Permanente, Netflix, Sony, HBO attract young professionals to the area
- Leimert Park has experienced a 34.4% rent growth increase over the previous 5 years and over 70% of residents rent
- Home prices have risen 118% since 2010, with a median single-family home sale price of $730,000, causing area residents to rent instead of buy
- Leimert Park is experiencing a massive influx of investment into retail, office, and community amenities drawing in new businesses and renters
PROPERTY FACTS
| No. Units | 111 | Lot Size | 3.53 AC |
| Property Type | Multifamily | Building Size | 55,525 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | LAC1.5 | ||
| No. Units | 111 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.53 AC |
| Building Size | 55,525 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | LAC1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Tub/Shower
- Views
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Grill
- Package Service
- Bicycle Storage
- Elevator
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 56 | - | 281 - 403 |
| 1+1 | 55 | - | 403 |
PROPERTY TAXES
| Parcel Number | 5024-017-036 | Improvements Assessment | $22,747,841 |
| Land Assessment | $4,167,019 | Total Assessment | $26,914,860 |
PROPERTY TAXES
Parcel Number
5024-017-036
Land Assessment
$4,167,019
Improvements Assessment
$22,747,841
Total Assessment
$26,914,860
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