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
Owner options
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#: SB25011258
Originating 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