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Sold for $4,350,000 on 05/16/25
  • Listing Provided by: 

    Brett Lyon DRE #01717818 3107801899,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $4,350,000

    1338 Crenshaw Blvd, Los Angeles, CA 90019

    --beds
    40baths
    15,176sqft
    Multi Family
    Built in 1947
    -- sqft lot
    $4,274,300 Zestimate®
    $287/sqft
    $-- Estimated rent

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    $27,193/mo

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    $27,193/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 19, 2025 at 05:44pm

    Listing Provided by:

    Brett Lyon DRE #01717818 3107801899,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    Bought with:

    Brett Lyon, DRE #01717818

    Lyon Stahl Investment Real Estate, Inc.

    Woody Stahl, DRE #01399621

    Lyon Stahl Investment Real Est

    Source: CRMLS,MLS#: SB25011258MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 40
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 15,176
    • Total interior livable area: 15,176 sqft

    Property

    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.33 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5072005018
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 40143

    Other

    Other facts
    • Listing terms: Conventional
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    Estimated market value
    $4,274,300