$2,400,000
2109 Crenshaw Boulevard, Los Angeles 90016
16
Beds
16
Baths
9,412
Square feet
7,282
Lot Size
8
# Of Units
Listing Agent
Keith Moret - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
MLS® # | 24363459 |
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Price | $2,400,000 |
Bedrooms | 16 |
Bathrooms | 16.00 |
Square Footage | 9,412 |
Lot Size | 7,282 |
Year Built | 1992 |
Type | Residential Income |
Status | Pending |
# Of Units | 8 |
Community Information
Address | 2109 Crenshaw Boulevard |
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Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90016 |
Amenities
Parking Spaces | 10 |
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Parking | Garage, Side By Side, Assigned, Controlled Entrance, Electric Gate, Guest, Tandem, Underground |
# of Garages | 10 |
Garages | Garage, Side By Side, Assigned, Controlled Entrance, Electric Gate, Guest, Tandem, Underground |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Carpet, Laminate |
---|---|
Appliances | Dishwasher, Gas Cooktop, Disposal, Dryer, Washer |
Heating | Forced Air |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Multi/Split |
Exterior
Roof | Composition |
---|
Additional Information
Date Listed | February 27th, 2024 |
---|---|
Days on Market | 21 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Keith Moret |
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Office | Lyon Stahl Investment Real Estate, Inc. |