2254 Crenshaw Blvd
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2254 Crenshaw Blvd
7 Unit Apartment Building $1,599,750 CAD ($228,536 CAD/Unit) 8.17% Cap Rate Los Angeles, CA 90016
Investment Highlights
- Development/Conversion project for a 7 Unit Building
- Delivered Vacant
- Corner Lot
- Ready to Build (RTI)
- Easier and Faster to Build vs. a Ground up Project
- Good Unit Mix 4: 2+1, 2: 1+1 and a Studio
Executive Summary
$100,000 Price Reduction. Development/conversion project for a 7 unit building to be built within the existing envelope of the current 3 units. The project will be delivered shovel ready, (RTI) with a buyer being able start the construction on day one. The new unit mix consists of 4: 2+1, 2: 1+1 and a studio. The property is to be delivered fully vacant. Approximate 7.5 Cap and 8.5 GRM after Completion.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $3,982 CAD | 644 - 855 |
| 1+1 | 2 | $3,128 CAD | 462 - 491 |
| Studios | 1 | $1,991 CAD | 335 |
1 of 1
Walk Score ®
Very Walkable (81)
1 of 4
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2254 Crenshaw Blvd
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