6519 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,375,000 USD
310-467-7581
6519 Crenshaw Blvd, Los Angeles, CA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/30
null | 7.56% Cap Rate

6519 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Excellent cash flow opportunity on a rare 14 unit opportunity in Hyde Park.
  • Strong unit mix consisting of (6) 1 bed, 1 bath, (2) 2 bed, 1 bath, (3) 3 bed, 1 bath, (3) single, 1 bath units
  • Offered at a 7.56% current cap rate and 8.05 GRM, excellent metrics offering a great return on investment
  • Located just south Hyde Park Blvd walking distance to a Crenshaw Metro stop.

OVERVIEW

6519 Crenshaw Blvd is an opportunity for an investor to acquire 14 units in a great Hyde Park location, just a short walk to a Crenshaw Metro Stop. The investment offers excellent cash flow day one, while still offering future upside potential. The building features an excellent unit mix consisting of (6) 1 bed, 1 bath, (2) 2 bed, 1 bath, (3) 3 bed, 1 bath, (3) single, 1 bath units. The units are spread out over 7,576 square feet of gross leasable area and sit on a large 10,765 square foot lot that is zoned LAC2. The building was built in 1941.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

14

PRICE/UNIT

$169,643

CAP RATE

7.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LAC2-1, Los Angeles

APN/PARCEL ID

4006-018-006

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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