310 S Crescent Heights | 310 S Crescent Heights Blvd
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310 S Crescent Heights 310 S Crescent Heights Blvd
4 Unit Apartment Building $1,750,000 ($437,500/Unit) 6.17% Cap Rate Los Angeles, CA 90048
Investment Highlights
- 4-unit apartment, built in 1936 on the beautiful tree-lined street of Crescent Heights Boulevard
- One of the only properties that features a spacious private rooftop
- Three (3) units deliverable vacant | Immediate upside potential
- Centrally located between the neighborhoods over Beverly Grove and Fairfax
- Unit Mix: (2) 1 Bed/1 Bath, (1) 1 Bed/1 Bath w/ Roof Deck & (1) 2 Bed/2 Bath w/ Roof Deck units
- Potential ADU opportunity: three detached garages allows flexibility with what you can build
Executive Summary
JLL, as exclusive advisor, is pleased to present for sale 310 S Crescent Heights (the “Property” or “Crescent Heights”); a centrally located multifamily investment opportunity situated in the renowned Mid-Wilshire submarket of Los Angeles. Crescent Heights is a 4-unit, 2-story property comprised of 1- and 2-bedroom apartments with an average unit size of ±938 square feet.
Perfectly positioned at the crossroads of Beverly Hills, West Hollywood, and the Grove, this exceptional Property offers an unparalleled blend of convenience and accessibility to a vast array of amenities. Boasting proximity to major employment centers throughout Los Angeles, this prime location ensures seamless connectivity to the city’s vibrant hubs. Notably, Mid-Wilshire has emerged as one of the most coveted neighborhoods in Los Angeles, with its unrivaled collection of high-performing shopping centers, renowned dining establishments, and cultural landmarks. From the world-class culinary delights of The Little Door, Angelini Osteria, and Bacari, to the iconic presence of the Original Farmers Market and the internationally acclaimed Los Angeles County Museum of Art, this vibrant destination captivates both permanent residents and visitors alike, promising an unforgettable experience of all that the area has to offer.
Perfectly positioned at the crossroads of Beverly Hills, West Hollywood, and the Grove, this exceptional Property offers an unparalleled blend of convenience and accessibility to a vast array of amenities. Boasting proximity to major employment centers throughout Los Angeles, this prime location ensures seamless connectivity to the city’s vibrant hubs. Notably, Mid-Wilshire has emerged as one of the most coveted neighborhoods in Los Angeles, with its unrivaled collection of high-performing shopping centers, renowned dining establishments, and cultural landmarks. From the world-class culinary delights of The Little Door, Angelini Osteria, and Bacari, to the iconic presence of the Original Farmers Market and the internationally acclaimed Los Angeles County Museum of Art, this vibrant destination captivates both permanent residents and visitors alike, promising an unforgettable experience of all that the area has to offer.
Property Facts
| Price | $1,750,000 | Property Subtype | Apartment |
| Price Per Unit | $437,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.17% | Building Size | 3,599 SF |
| Gross Rent Multiplier | 10.74 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1936 |
| Property Type | Multifamily |
| Price | $1,750,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 10.74 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,599 SF |
| No. Stories | 2 |
| Year Built | 1936 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 650 - 800 |
| 2+1.5 | 1 | - | 1,350 |
Walk Score ®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5511-028-011 | Improvements Assessment | $64,540 |
| Land Assessment | $112,142 | Total Assessment | $176,682 |
PROPERTY TAXES
Parcel Number
5511-028-011
Land Assessment
$112,142
Improvements Assessment
$64,540
Total Assessment
$176,682
zoning
| Zoning Code | LAR3 (Multiple Dwelling) |
| LAR3 (Multiple Dwelling) |
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310 S Crescent Heights | 310 S Crescent Heights Blvd
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