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1187 Crenshaw Blvd

8 Unit Apartment Building $5,150,000 ($643,750/Unit) 4.27% Cap Rate Los Angeles, CA 90019

Apartment Buildings California Los Angeles 1187 Crenshaw Blvd, Los Angeles, CA 90019

INVESTMENT HIGHLIGHTS

  • Newer construction built in 2020
  • Seven two-bedrooms with two-bath plus loft space and One one-bedroom with two baths, plus loft space.
  • High-End Appliances including In-unit Washer/Dryer
  • Townhouses-styled to maximize space and offer open-concept living
  • Private Rooftop deck with Stunning Views
  • Ductless A/C and Heat

EXECUTIVE SUMMARY

1187 Crenshaw, located in the heart of Los Angeles, offers an exceptional 8-unit townhouse-style property that combines modern luxury with innovation. The property features sleek, aesthetic lines, high-quality materials, and a focus on style and function. Each unit includes energy-efficient appliances and eco-friendly features for sustainable living. The spacious townhouse units have open-concept layouts, maximizing space and comfort, a spacious loft or mezzanine, and the private rooftop deck offers stunning views. This property redefines luxury living, blending cutting-edge design and convenience. The location provides easy access to Freeways and proximity to Koreatown, Downtown, West Hollywood, Westwood, Century City, Santa Monica, and the Olympic Blvd Tech corridor. Public transportation is readily accessible. Exempt from State Rent Control.
5 of 8 units reimburse $75/month each towards the Water utility.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $5,150,000 Apartment Style Low-Rise
Price Per Unit $643,750 Building Class B
Sale Type Investment Lot Size 0.16 AC
Cap Rate 4.27% Building Size 11,062 SF
Gross Rent Multiplier 15.22 Average Occupancy 100%
No. Units 8 No. Stories 3
Property Type Multifamily Year Built 2020
Property Subtype Apartment Parking Ratio 1.63/1,000 SF
Price $5,150,000
Price Per Unit $643,750
Sale Type Investment
Cap Rate 4.27%
Gross Rent Multiplier 15.22
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.16 AC
Building Size 11,062 SF
Average Occupancy 100%
No. Stories 3
Year Built 2020
Parking Ratio 1.63/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Sprinkler System
  • Stainless Steel Appliances
  • Dining Room

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Gas Range
  • Car Charging Station
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 7 $25,200 -
1+1 1 $3,000 -
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1187 Crenshaw Blvd, Los Angeles, CA - AERIAL map view
Walk Score®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 5082-025-002 Improvements Assessment $1,955,952
Land Assessment $2,080,800 Total Assessment $4,036,752

PROPERTY TAXES

Parcel Number
5082-025-002
Land Assessment
$2,080,800
Improvements Assessment
$1,955,952
Total Assessment
$4,036,752

ZONING

Zoning Code R3-1-0 (R3-1-0-Zone for multi-family residential units.)
R3-1-0 (R3-1-0-Zone for multi-family residential units.)
(310) 709-6655

CONTACTS

  • Listing ID: 35043860

  • Date on Market: 3/6/2025

  • Last Updated:

  • Address: 1187 Crenshaw Blvd, Los Angeles, CA 90019

More public record information on 1187 Crenshaw Blvd, Los Angeles, CA 90019

The Miracle Mile Multifamily Property at 1187 Crenshaw Blvd, Los Angeles, CA 90019 is currently available. Contact Coldwell Banker Commercial Realty for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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1187 Crenshaw Blvd
(310) 709-6655 x

1187 Crenshaw Blvd

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Anisa Abji

(310) 709-6655

(310) 709-6655

Eric Sackler

(310) 979-4990

(310) 979-4990

Susan Lau

(213) 220-5466

(213) 220-5466

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