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$4,350,000
1338 Crenshaw BoulevardLos Angeles, CA 90019
Apartment|Sold 05/16/2025
0
Beds
0
Total Baths
15,176
SqFt
$287
/SqFt
1947
Built
County:
Los Angeles
Listed by Brett Lyon of Lyon Stahl Investment Real Estate, Inc. Broker@lyonstahl.com
Listed by Brett Lyon of Lyon Stahl Investment Real Estate, Inc. Broker@lyonstahl.com
Call Now: 503.200.4823
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503.200.4823
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Presenting an exceptional investment opportunity in the heart of Mid City Los Angeles: two side-by-side 20-unit properties, totaling 40 studio units. Offering 15,176 SF of rentable space on a sprawling 14,281 SF lot, this property delivers a strong 5.06% current CAP rate with substantial upside potential, including a 8.63% market CAP and a 6.72 market GRM. The 34% rental upside makes this property a standout for value-add investors. Ideally situated right off Pico Blvd, it provides convenient access to the West Side and Downtown LA, ensuring high tenant demand in this central location. Don't miss this rare opportunity to acquire a prime asset in one of LA’s most central neighborhoods.
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Listing Snapshot
Bedrooms
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Inside Area (SqFt)
15,176 sqft
Lot Size
0.3278 Acres
Year Built
1947
MLS® Number
SB25011258
Status
Sold
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing updated with changes from the MLS® |
General Features
Acres
0.3278
Number Of Stories
2
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
15176
Water Source
Public
Zoning
LAR3
Interior Features
Laundry Features
None
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Exterior Features
Pool Features
None
Community Features
Building Access
1
Financing Terms Available
Conventional
MLS Area
C16 – Mid Los Angeles
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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