1111 S Crenshaw Blvd - Office FOR SALE


Los Angeles, CA 90019- Miracle Mile | 
$1,900,000 USD
213-392-6400
1111 S Crenshaw Blvd, Los Angeles, CA for Sale
$1,900,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1111 S Crenshaw Blvd
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Rare freestanding office building in Koreatown
  • Concrete panel construction
  • Earthquake retrofitted
  • Large rear yard
  • Multiple private offices

OVERVIEW

1111 Crenshaw Blvd presents an opportunity to acquire a freestanding office property in Los Angeles' Koreatown area. Originally constructed in 1960, the building features concrete panel construction and has been earthquake retrofitted, offering a functional layout suitable for a variety of owner-user or investment strategies. The property includes multiple private offices, conference rooms, a large kitchen, three restrooms, and a sizable rear yard that supports operational flexibility for a range of professional and institutional uses. Positioned along Crenshaw Boulevard approximately one block south of Olympic Boulevard, the property benefits from convenient access to major east-west and north-south transportation corridors serving Central Los Angeles. The surrounding area includes established residential neighborhoods, multifamily housing, neighborhood-serving retail, and employment centers that contribute to a broad user base. Nearby development activity includes proposed and under-construction multifamily projects that are expected to add residential density and further strengthen demand for neighborhood services and professional office uses. The property's LAC2 zoning designation provides flexibility for a variety of commercial applications. Potential uses identified for the property include childcare, educational and tutoring services, medical office, legal office, real estate office, and other professional business operations. On-site parking currently includes three striped spaces with the potential for additional parking configurations. Combined with its freestanding identity, visible location, and adaptable interior configuration, the asset offers buyers the opportunity to establish a presence in a centrally located Los Angeles corridor while benefiting from future neighborhood growth and ongoing investment in the surrounding area.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$612 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,117 SF

ZONING

LAC2

APN/PARCEL ID

5082-026-004

ASK ABOUT THIS PROPERTY

Richard AbdulianKidder MathewsMore Info
213-392-6400

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Richard AbdulianKidder MathewsMore Info
213-392-6400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.