2340 Crenshaw Boulevard Los Angeles, CA ^$ 4,299,000

2340 Crenshaw Boulevard

^$ 4,299,000

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2340 Crenshaw Boulevard

Los Angeles, CA, 90016

^$ 4,299,000

Bedrooms20 Baths20.0 Sq 13,390

Monthly Estimate*

^$ 30,030

Listed by CBRE, Inc.

2340 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 1

2340 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 2

2340 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 3

2340 Crenshaw Boulevard, Los Angeles, CA 90016 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $4,299,000 with 20 bedrooms and 20 full baths. This 13,390 square foot home was built in 1964 on a lot size of 0.3022.

A large, 2-building asset with excellent visibility on one of LA's best-known thoroughfares - with 10s of 1,000s of potential renters driving by daily, vacancies are often filled very quickly. And a good branding opportunity for an operator or management company, as well. A secured-entry, garden-style walkup with plenty of carport parking on the side and in the rear - open spots, as well. Seismic retrofit complete. Your rent roll will get a shot in the arm in early 2024 - 4% scheduled, allowable increase. Part of a 4-Building, 75 unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows:17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl.20 units at 1554 S. Gramercy Pl.

Multi-Family Active

Price

^$ 4,299,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3022

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23323965

Days on Market

192

Features

General

Heating WallFurnace

Cooling None

Zoning LAR3

Year Built 1964

Stories 2

Levels Two

Gross Income 356628.0

County Los Angeles

Net Operating Income 200741.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions La Cienega Blvd to Obama Blvd turn right then to Crenshaw Blvd and turn left.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 13164.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Crenshaw

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 172

Standard Status Active

Year Built Source Assessor

Cap Rate 4.67

Exterior

Parking Features Carport

Total Parking 20.0

Lot Size Area 13164.0

Number of Buildings 2

Spa N

Building Area Total 13390.0

Lot Size Acres 0.3022

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Boulevard

Total Bedrooms 20

Electric On Property Y/N N

Total Baths 20

Internal Only

Street Number 1 2340

* Excluded Features

List By

Cbre, Inc.

Broker

(310) 363-4900

Phone

Affordability Calculator

$30,030

Per Month

Monthly Principal & Interest: $30,030
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 53%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$4,299,000	-6.52%	Price Down
10/22/2023	$4,599,000		Listed Price

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2340 Crenshaw Boulevard, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $4,299,000 with 13,390 sqft and a lot size of 0.3022. 2340 Crenshaw Boulevard has 20 bedrooms, 20.0 baths, and was built in 1964. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2340 Crenshaw Boulevard

Multi-Family Home for sale in Los Angeles, CA

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