1245 S Crescent Heights Blvd - Multi-Family FOR SALE


Los Angeles, CA 90035- Mid-City
$1,800,000 USD
310-202-9166
1245 S Crescent Heights Blvd, Los Angeles, CA for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/29
null | 4.19% Cap Rate

1245 S Crescent Heights Blvd
Los Angeles, CA 90035
Mid-City


HIGHLIGHTS

  • The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units.
  • Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user
  • Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood

OVERVIEW

Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood, featuring unique and charming architecture rarely found in typical multifamily assets. This distinctive property offers both strong in-place income and significant upside potential. The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units. Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user: • Unit A: 2 Bed / 1 Bath (Vacant) • Unit B: 1 Bed / 1 Bath (Vacant) The remaining units are currently occupied: • Unit C: 2 Bed / 1 Bath rented at $2,100/month • Unit D: 1 Bed / 1 Bath rented at $2,300/month The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value. With its irreplaceable architectural character, desirable location, and multiple avenues for upside—including rental increases, unit renovations, and ADU development—this is an ideal opportunity for investors seeking to reposition and maximize returns.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

4.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crescent Heights Boulevard Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,438 SF

ZONING

LARD1.5

APN/PARCEL ID

5087-015-019

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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