4279-4281 Crenshaw Blvd - Storefront FOR SALE


Los Angeles, CA 90008- Leimert Park
$1,877,777 USD
661-347-6248
4279-4281 Crenshaw Blvd, Los Angeles, CA for Sale
$1,877,777 USD
Storefront - FOR SALE
1/14
null | 3.73% Cap Rate

4279-4281 Crenshaw Blvd
Los Angeles, CA 90008
Leimert Park


HIGHLIGHTS

  • Major upside in a growing market
  • Delivered with renovation plans (see photos/renderings)
  • Sold in as-is condition
  • Ideal for retail, creative office, or mixed-use

OVERVIEW

?? Prime Crenshaw Corridor Commercial Property ?? Price Reduced to: $1,877,777 ?? Income-Producing – 4 Units ?? Sold As-Is or with Renovation Plans ?? Financial Summary: Financial Metric Amount Gross Scheduled Income $109,200 annually Effective Gross Income (EGI) $77,383.74 Operating Expenses (22%) $17,024.42 Net Operating Income (NOI) $60,359.32 CAP Rate ~3.21% ??? Investment Highlights: ? Four income-producing units ? Current tenants in place – stable cash flow ? Delivered As-Is or with architectural renovation plans ? Prime location along Crenshaw Blvd ? Excellent street visibility & high foot traffic ? Close to Leimert Park, Metro Line, Baldwin Hills, Inglewood ?? Location Overview: Located in a rapidly redeveloping area Surrounded by commercial, residential & transit development Easy access to 10 & 110 Freeways Major cultural and economic investment zone

FOR SALE DETAILS

PRICE

$1,877,777 USD

PRICE/SF

$580 USD /SF

CAP RATE

3.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC1.5

APN/PARCEL ID

5024-007-005

ASK ABOUT THIS PROPERTY

Elgin WalkerExp RealtyMore Info
661-347-6248

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Elgin WalkerExp RealtyMore Info
661-347-6248

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