2340 Crenshaw Boulevard

Los Angeles, CA 90016

$4,299,000
Price
20
Beds
20
Baths
13,390 Sq. Ft.
$321 / Sq. Ft.
13,390
Sq. Ft.
$321
per Sq. Ft.

Description

A large, 2-building asset with excellent visibility on one of LA's best-known thoroughfares - with 10s of 1,000s of potential renters driving by daily, vacancies are often filled very quickly. And a good branding opportunity for an operator or management company, as well. A secured-entry, garden-style walkup with plenty of carport parking on the side and in the rear - open spots, as well. Seismic retrofit complete. Your rent roll will get a shot in the arm in early 2024 - 4% scheduled, allowable...A large, 2-building asset with excellent visibility on one of LA's best-known thoroughfares - with 10s of 1,000s of potential renters driving by daily, vacancies are often filled very quickly. And a good branding opportunity for an operator or management company, as well. A secured-entry, garden-style walkup with plenty of carport parking on the side and in the rear - open spots, as well. Seismic retrofit complete. Your rent roll will get a shot in the arm in early 2024 - 4% scheduled, allowable increase. Part of a 4-Building, 75 unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows:17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl.20 units at 1554 S. Gramercy Pl.
  1. Listed by Brice Head • DRE #01330706 • Brokerage DRE #00868409 • CBRE, Inc.

Property Details for 2340 Crenshaw Boulevard

Zoning
LAR3
Parcel Number
5060004018
Total Units
20.0
Living Area
13390
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
none
Lot Size Area
13164

Location

Listing Courtesy of CBRE, Inc., Brice Head, DRE #01330706
Add your commute
LISTING UPDATED: 04/09/2024 05:34 PM

Property Details for 2340 Crenshaw Boulevard

StatusActive
MLS #23-323965
Days on Market196
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.30 AC / 13,164 SF
CountyLos Angeles County

Location

Listing Courtesy of CBRE, Inc., Brice Head, DRE #01330706
Add your commute

Building Information for 2340 Crenshaw Boulevard

Stories2Residences-Year Built1964Building Size-Lot Size0.30 AC / 13,164 SF

Payment Calculator

$27,492 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,461

Property Taxes

$4,031

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2340 Crenshaw Boulevard

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $358,628
  • Net Operating Income: $200,741.00
  • Gross Income: $356,628
  • Cap Rate: 4.67%
  • Gross Rent Multiplier: $11.90
  • Total Annual Expense: 147189
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3022
  • Lot Size Square Feet: 13164
Parking Details
Parking Details
  • Parking Garage: Carport, Other
  • Total Parking: 20
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-20-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,485.90
  • Unit Actual Rent: $29,719.00
  • Unit Projected Rent: $40,000.00
  • Like Units: 20
Unit Details
  • Unit Type Type: 2106

Property History for 2340 Crenshaw Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2340 Crenshaw Boulevard

Taxable ValueLand$2,342,588Additions$1,505,949Total$3,848,537
Tax Record2023$48,375 ($4,031 / month)
Home Facts
Total Finished SqFt13,390 SqFtAbove Grade Finished SqFt13,390 SqFtLot Size13,191 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN5060-004-018

Schools near 2340 Crenshaw Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2340 Crenshaw Boulevard is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 20, 2023 by CBRE, Inc., it's currently listed at $4,299,000. It has been on the market for a total of 196 days and was last sold on June 10, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 2340 Crenshaw Boulevard is a 20-bed, 20-bath, 13,390 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Inc., Brice Head, DRE #01330706

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.