Active
2234 Crenshaw BLVD
LOS ANGELES CA, 90016
$4,222,000
$417.61 per sqft
Active
21 Beds
18 Baths
10,110 sqft
Multi-family
Built in 2024
NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX 6% CAP FULLY LEASED TO SECTION 8 TENANTS We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a turnkey 6% Cap rate! The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes. This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller s many other similar developments throughout Los Angeles.
PW24202422MR
MLSⓇ ID
September 30, 2024
Listed
December 5, 2024
Updated
Map
2234 Crenshaw BLVD
LOS ANGELES CA, 90016
Interior Features
Total Stories
3
Bedrooms
21
Total Bathrooms
18
Appliances
Dishwasher, Dryer, Dryer Included, In Closet, Inside, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Washer, Washer Included
Laundry Description
Dryer, Dryer Included, In Closet, Inside, Laundry Closet Stacked, Stackable W/D Hookup, Washer, Washer Included
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central, ENERGY STAR Qualified Equipment
Heating
Yes
Heating Description
Central, ENERGY STAR Qualified Equipment
Exterior/Building Features
Lot Size
0.18 Acres
Architectual Style
Modern
Roof
Common Roof
Sewer
Public Sewer
Other Property Details
Area Name
Mid Los Angeles
Days on Market
66
Garage
Yes
Garage Spaces
6
Parking
Assigned
Parking Total
8
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
12/5/2024 | Price change | $4,222,000 -2% |
11/14/2024 | Price change | $4,299,000 -1% |
10/30/2024 | Price change | $4,325,000 -1% |
Listed by Martin Fish with Citivest Realty Services, Inc
Listing Contact: 310-905-4834
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Arthur Kumasian | CA DRE# 02209416 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/5/2024