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Part of a 41-Unit Portfolio w/ 6736-6800 West 6121 Crenshaw Blvd 17 Unit Apartment Building $3,195,000 ($187,941/Unit) 7.24% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- Extensive rehab & new dual-pane windows throughout
- Seismic retrofit completed
- Gated pedestrian and car access
EXECUTIVE SUMMARY
An attractively reimaged 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.
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
Part of a 41-Unit Portfolio w/ 6736-6800 West Blvd. Can be sold together or separately.
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
Part of a 41-Unit Portfolio w/ 6736-6800 West Blvd. Can be sold together or separately.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$333,276
|
$44.13
|
| Other Income |
$7,700
|
$1.02
|
| Vacancy Loss |
$9,998
|
$1.32
|
| Effective Gross Income |
$330,978
|
$43.83
|
| Taxes |
$38,308
|
$5.07
|
| Operating Expenses |
$61,220
|
$8.11
|
| Total Expenses |
$99,528
|
$13.18
|
| Net Operating Income |
$231,450
|
$30.65
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $333,276 |
| Annual Per SF | $44.13 |
| Other Income | |
|---|---|
| Annual | $7,700 |
| Annual Per SF | $1.02 |
| Vacancy Loss | |
|---|---|
| Annual | $9,998 |
| Annual Per SF | $1.32 |
| Effective Gross Income | |
|---|---|
| Annual | $330,978 |
| Annual Per SF | $43.83 |
| Taxes | |
|---|---|
| Annual | $38,308 |
| Annual Per SF | $5.07 |
| Operating Expenses | |
|---|---|
| Annual | $61,220 |
| Annual Per SF | $8.11 |
| Total Expenses | |
|---|---|
| Annual | $99,528 |
| Annual Per SF | $13.18 |
| Net Operating Income | |
|---|---|
| Annual | $231,450 |
| Annual Per SF | $30.65 |
PROPERTY FACTS
| Price | $3,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,941 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.24% | Building Size | 7,552 SF |
| Gross Rent Multiplier | 9.37 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | LAC2 | ||
| Price | $3,195,000 |
| Price Per Unit | $187,941 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| Gross Rent Multiplier | 9.37 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,552 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | LAC2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 550 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 4006-004-015 | Total Assessment | $2,952,841 |
| Land Assessment | $2,187,291 | Annual Taxes | $38,308 ($5.07/SF) |
| Improvements Assessment | $765,550 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4006-004-015
Land Assessment
$2,187,291
Improvements Assessment
$765,550
Total Assessment
$2,952,841
Annual Taxes
$38,308 ($5.07/SF)
Tax Year
2025
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Part of a 41-Unit Portfolio w/ 6736-6800 West | 6121 Crenshaw Blvd
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