$ 4,299,000
2234 Crenshaw Boulevard Los Angeles, CA 90016
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Listed by Martin Fish • Citivest Realty Services, Inc
$ 4,299,000
Est. payment | /mo
10,110 SqFt
$ 4,299,000
Est. payment | /mo
10,110 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,110 sqft
Price per Sqft $425
MLS Listing ID CRPW24202422
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 7,839 Sqft
Property Description
NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX 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 5.87% 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 land
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air, Other, ENERGY STAR Qualified Equipment
Flooring Laminate
Fireplace No
Appliance ENERGY STAR Qualified Appliances, Dryer
Laundry Dryer, Laundry Closet, Washer, Other, Inside
Exterior
View City Lights, Other
Parking Type Assigned
Building
Water Public
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