7815 Crenshaw Blvd - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,495,000 USD
310-890-8490
7815 Crenshaw Blvd, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

7815 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


OVERVIEW

Family-owned and meticulously cared for more than 30 years, the gated compound features a 1930 Spanish nine-plex (8 1bd/1ba plus one studio) and the separately gated 1993 2,300-sqft 3-bed/3-bath Single Family Residence with 4-car garage in back of parcel generate a scheduled $199,518 NOI-ready rent roll. Eight additional secure garages and a broad drive aisle invite ADU conversions. The 19,030-sqft C2 / TOC-Tier 2 Opportunity-Zone lot provides outsized development upside just .9 miles from Fairview Heights K-Line and 1.5 mi from SoFi Stadium, Intuit Dome and Kia Forum. Tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub-$75k land cost per future door and a coveted Opportunity-Zone timetable for potential capital-gains deferral. Backstopped by Crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from LAX, Silicon Beach and USC, this asset is the quintessential "cash-flowing covered land" with three distinct exit ramps, ADU infill, voucher-driven rent lifts, or full mixed-use redevelopment each poised to deliver outsized returns.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,751 SF

ZONING

LAC2

APN/PARCEL ID

4012-023-007

ASK ABOUT THIS PROPERTY

James RespondekRodeo RealtyMore Info
310-890-8490

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James RespondekRodeo RealtyMore Info
310-890-8490

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