1187 Crenshaw Blvd
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1187 Crenshaw Blvd
8 Unit Apartment Building $7,821,715 CAD ($977,714 CAD/Unit) 3.76% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Eight two-bedroom with two-bath units
- Light and bright open floorpan
- Newer construction built in 2020
Executive Summary
$300K Price reduction! Excellent opportunity to purchase an apartment built in 2020. The apartment consists of Eight two-bedroom two-bath units. The apartment is owned by a contractor who built the multi-family building to hold in his own portfolio. No low income units. Stunning contemporary apartment with incredible attention to detail. All the units feature private balconies, air and heat with built-in stainless steel appliances. Ample parking is provided for each unit. Open floorpan -light and airy, beautiful kitchens, well appointed bathrooms, secure access building all in a fabulous location with close proximity to the 10-freeway-allowing the tenant easy access to all major freeway systems. Close proximity to both Downtown Los Angeles, the Santa Monica area. Minutes to the Hancock Park, shopping and dining at Larchmont village, Windsor Square and restaurants and shopping in the Koreatown area. Strong cash flow. At the current asking price this Multi-family apartment building cannot be duplicated. Excellent future rental for the upcoming 2028 Los Angeles Summer Olympics! Call for more information.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$487,222
|
$44.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$487,222
|
$44.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$121,805
|
$11.01
|
| Net Operating Income |
$365,416
|
$33.03
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $487,222 |
| Annual Per SF | $44.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $487,222 |
| Annual Per SF | $44.04 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $121,805 |
| Annual Per SF | $11.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $365,416 |
| Annual Per SF | $33.03 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Dining Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Gas Range
- Car Charging Station
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $4,729 CAD | - |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5082-025-002 | Improvements Assessment | $2,741,071 CAD (2024) |
| Land Assessment | $2,916,033 CAD (2024) | Total Assessment | $5,657,104 CAD (2024) |
PROPERTY TAXES
Parcel Number
5082-025-002
Land Assessment
$2,916,033 CAD (2024)
Improvements Assessment
$2,741,071 CAD (2024)
Total Assessment
$5,657,104 CAD (2024)
zoning
| Zoning Code | R3-1-0 (R3-1-0-Zone for multi-family residential units.) |
| R3-1-0 (R3-1-0-Zone for multi-family residential units.) |
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1187 Crenshaw Blvd
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