2109 Crenshaw Boulevard Los Angeles, CA ^$ 2,400,000

2109 Crenshaw Boulevard

^$ 2,400,000

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2109 Crenshaw Boulevard

Los Angeles, CA, 90016

^$ 2,400,000

Studio Baths0.0 Sq 9,412

Monthly Estimate*

^$ 16,765

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 1

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2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 5

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 6

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 7

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 8

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 9

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 10

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 11

2109 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 12

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,400,000. This 9,412 square foot home was built in 1992 on a lot size of 0.17.

This 8 unit building in Mid-City represents a well kept, late vintage investment that the family has lovingly maintained. They've left room at the table however, for the new owner to make it cash-flow with over 80% upside, and a clear path to profitability. The 1992 Construction circumvents the more restrictive LA city rent regulations. In July of this year, 4 of the 8 units are eligible for an 8.8% rent increase. There are 8 huge townhome style units. (4) of them are 2 BR /2.5 BA and (4) are 2BR/2BA. The units have updated kitchens and baths, washer/dryers, all copper plumbing, and new HVAC systems (See photos). The building has subterranean parking with gated entry and parking for 17 cars. It has secure entry to the lobby and a security system with 16 cameras and on-site monitor. The location is ideal! It's only 300 yards to Starbucks, and a few blocks to Washington-Irving Library, Planet Fitness, T-Mobile store, The Market, and US Post Office. AT $255 PSF, it represents outstanding value with incredible upside.

Multi-Family Pending

Price

^$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1992

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024363459

Features

General

Heating Forced Air

Possession Close of Escrow

Roof Composition

Zoning LAR3

Year Built 1992

Tenant Pays Electricity Gas

Levels Multi/Split

County Los Angeles

Net Operating Income 98121.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction East

Status Pending

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 7282.0

Street Name Crenshaw

Virtual Tour https://www.dropbox.com/scl/fi/c2x2w2wekr1e0myy9gkvb/NEWVIDEOUnbranded.mp4?rlkey=gutv4r2t1gimzh3wyybf4v2e4&dl=0

Standard Status Pending

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Flooring Laminate Carpet

Kitchen Appliances Disposal Dishwasher Gas Cooktop

Total Stories 2

Heating Y/N Yes

Street Suffix Boulevard

Laundry Features Stackable Washer Included Dryer Included Upper Level

Total Baths 0

Exterior

Parking Features Side by Side Auto Driveway Gate Assigned Tandem Garage Subterranean Controlled Entrance Guest

Lot Size Area 7282.0

Building Area Total 9412.0

Lot Dimensions 50x144

Lot Size Acres 0.17

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Keith Moret

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$16,765

Per Month

Monthly Principal & Interest: $16,765
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,985,541

Percent of Sale Price 17%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$2,400,000	-5.88%	Price Down
3/1/2024	$2,550,000		Listed Price

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2109 Crenshaw Boulevard, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $2,400,000 with 9,412 sqft and a lot size of 0.17. 2109 Crenshaw Boulevard is a studio with 0.0 baths and was built in 1992. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/3/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2109 Crenshaw Boulevard

Multi-Family Home for sale in Los Angeles, CA

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