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$2,500,000
Est. payment /mo
16 Beds
21 Baths
9,520 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,520 sqft
Price per Sqft $262
MLS Listing ID 26859625
Bedrooms 16
Year Built 1992
Lot Size 7,224 Sqft
Acres 0.1658
Property Description
2129 Crenshaw Blvd presents an excellent opportunity to acquire a fully occupied 8-unit non Los Angeles rent control apartment building built in 1992 in Arlington Heights, Adjacent to West Adams, and just minutes to Fairfax, Miracle Mile, Beverly Grove, Pico-Robertson, and Downtown. The property is comprised of a 9,520 SF structure on a LAR3-zoned lot on 7,222 land SF. The unit mix consists of (8) 2 bedroom/2 and one-half bathroom townhome-style units with in-unit washer & dryers. The property offers 15 parking stalls in a gated garage. In-place rents average $2,134 while market rents are $2,900, offering investors a 39% upside.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Exterior
Garage Spaces 15.0
Others
Special Listing Condition Standard
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Listed by Kidder Mathews of California, Inc.
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