1857 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$4,000,000 USD
310-494-6368
1857 Crenshaw Blvd, Los Angeles, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/34
null | 5.4% Cap Rate

1857 Crenshaw Blvd
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 6 luxury apartment units in Mid-City built in 2025. Exempt from local rent increase restrictions (Non-RSO).
  • Front structure is a SFH style 2-story 4BR/2BA unit; Middle structure is comprised of a 3-story duplex with (1) 4BR/4BA unit and (1) 3BR/3BA unit.
  • Back structure is comprised of (2) 4BR/3BA units and (1) 2BR/3BA attached ADU.
  • Each unit is separately metered for gas, electricity, and water (back structures share a water meter and is billed back to the tenants).
  • Each unit has central heating and air conditioning. High cash-flow building with extremely low expenses.
  • High end finishes attracts high rental demand, property is fully leased out to market rate tenants.

OVERVIEW

The Glaser Group is pleased to present 1857 Crenshaw Boulevard, a newly constructed 6-unit luxury multifamily property located in the desirable Mid-City / Arlington Heights neighborhood of Los Angeles. Built in 2025, this fully leased & high cash-flow investment features extremely low operating expenses, modern construction, and exemption from local rent increase restrictions (Non-RSO). The 100% leased property presents an attractive opportunity for 1031 exchange buyers seeking stable income and ease of management at a real 5.40% cap rate Day 1. The gated property is thoughtfully designed across three separate structures. The front building consists of a two-story single-family home style residence featuring a spacious four-bedroom, two-bathroom layout. The middle structure is a three-story duplex comprised of (1) four-bedroom, four-bathroom unit and (1) three-bedroom, three-bathroom unit. The rear structure includes (2) four-bedroom, three-bathroom units along with a two-bedroom, three-bathroom attached ADU. This diverse mix of large, modern floor plans is designed to attract high-quality tenants seeking space, privacy, and contemporary amenities. Each unit features central heating and air conditioning, in-unit washer and dryer, and modern open layouts with abundant natural light. Select units include private balconies that enhance indoor-outdoor living. The property is separately metered for gas, electricity, and water, with the rear structure sharing a water meter that is billed back to tenants. Solar panels reduce monthly tenant utility expenses promoting further tenant retention. The property also features parking for 11 vehicles. The property is currently fully leased to market-rate tenants and benefits from extremely low operating expenses due to its modern construction and efficient building systems. Located along Crenshaw Boulevard with convenient access to the 10 Freeway, the property sits minutes from Downtown Los Angeles, Koreatown, Culver City, and Hollywood. Residents enjoy easy access to nearby dining, retail, and entertainment options while benefiting from proximity to several major employment centers across Los Angeles.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$558 USD /SF

# OF UNITS

6

PRICE/UNIT

$666,667

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LAR3

APN/PARCEL ID

5071-002-026

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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