2109 Crenshaw Boulevard

Los Angeles, CA 90016

$2,400,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $254 / sqft

1992

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, Carpet
Interior Information

Listing Information

Address 2109 Crenshaw Boulevard
City Los Angeles
State CA
Zip 90016
County Los Angeles
Listing Agent Keith Moret DRE#01802527
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS 24363459
List Price $2,400,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,282
Year Built 1992
DOM 16

Exterior Information

Maps

Listing information courtesy of: Keith Moret, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 28th, 2024 at 4:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.