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14-Units (12 + 2 ADUs) Value-Add in South LA 6519 Crenshaw Blvd 14 Unit Apartment Building $2,600,000 ($185,714/Unit) 7.21% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- Currently operating at a 7.21% cap rate and 8.53 GRM, with additional rental upside through unit renovations
- Walk Score of 75 (“Very Walkable”) — most errands can be accomplished on foot
- The property offers a balanced unit mix, ranging from studio to three-bedroom units.
- Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment
- Ownership recently upgraded the property with a new exterior electrical panel
- Professionally managed and attentively maintained, offering operational stability from day one
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 6521 South Crenshaw Boulevard, a 14-unit (12 + 2 ADUs) apartment community located south of Slauson Avenue and west of Western Avenue.
Situated on a 10,765-square-foot parcel, the property features a balanced unit mix ranging from studio to three-bedroom units. It is being offered at an attractive 7.21% cap rate and 8.53 GRM, with 24% remaining rental upside through unit renovations.
Ongoing investment and development activity throughout South Los Angeles, coupled with the asset’s remaining value-add potential, position 6521 South Crenshaw Boulevard as a compelling opportunity for investors seeking cash flow and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Situated on a 10,765-square-foot parcel, the property features a balanced unit mix ranging from studio to three-bedroom units. It is being offered at an attractive 7.21% cap rate and 8.53 GRM, with 24% remaining rental upside through unit renovations.
Ongoing investment and development activity throughout South Los Angeles, coupled with the asset’s remaining value-add potential, position 6521 South Crenshaw Boulevard as a compelling opportunity for investors seeking cash flow and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.21% | Building Size | 7,576 SF |
| Gross Rent Multiplier | 8.53 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2-1, Los Angeles | ||
| Price | $2,600,000 |
| Price Per Unit | $185,714 |
| Sale Type | Investment |
| Cap Rate | 7.21% |
| Gross Rent Multiplier | 8.53 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,576 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | LAC2-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4006-018-006 | Improvements Assessment | $696,348 |
| Land Assessment | $765,985 | Total Assessment | $1,462,333 |
PROPERTY TAXES
Parcel Number
4006-018-006
Land Assessment
$765,985
Improvements Assessment
$696,348
Total Assessment
$1,462,333
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14-Units (12 + 2 ADUs) Value-Add in South LA | 6519 Crenshaw Blvd
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