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Multifamily

730 Crenshaw Blvd

730 Crenshaw Blvd, Los Angeles, CA 90005

Listing Price: $3,495,000

Cap Rate
5.47%
Number of Units
16
GRM
11.43
Price/Unit
$218,438
Price/Gross SF
$311.83
Gross SF
11,208

Investment Overview

Marcus & Millichap is pleased to present 730 Crenshaw Blvd, a 16-unit multifamily investment opportunity in the Wilshire Park neighborhood of Los Angeles, located just east of S Wilton Pl between Wilshire Blvd & W 8th St

The subject property was built in 1954 and fe atures an impressive unit mix of 12 one bedrooms and four two bedrooms with parking at the rear of the property with no soft-story work required

The property is fully occupied with strong in-place cash flow and additional rental upside of over 29% as units turn; at the asking price, 730 Crenshaw Blvd is being offered at $218,438 per unit a t a 5.47% CAP rate and 11.43 GRM on current income

Renovated units feature spacious layouts with new vinyl plank flooring, stainless steel appliances, custom cabinetry, and updated kitchens & bathrooms; the property has a community laundry room and is separately metered for gas and electric

Dense, infill location with an easy commute for residents throughout Koreatown and to nearby neighborhoods of Fairfax, La Brea, Hollywood, Larchmont Village, Hancock Park, and Downtown Los Angeles

Located a half-mile from the Metro D Rail Line and walking distance to multiple metro bus lines along Crenshaw Blvd and Wilshire Blvd

Opportunity to acquire a well-located asset with strong in-place cash flow and significant rental upside in a premiere submarket with continued low-vacancy and rent growth

Investment Highlights

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Exclusively Listed By

Financing By

Multifamily

730 Crenshaw Blvd

Listing Price: $3,495,000

Cap Rate
5.47%
Number of Units
16
GRM
11.43
Price/Unit
$218,438
Price/Gross SF
$311.83
Gross SF
11,208

Investment Highlights

  • .
  • .
  • .

Investment Overview

Marcus & Millichap is pleased to present 730 Crenshaw Blvd, a 16-unit multifamily investment opportunity in the Wilshire Park neighborhood of Los Angeles, located just east of S Wilton Pl between Wilshire Blvd & W 8th St The subject property was built in 1954 and fe atures an impressive unit mix of 12 one bedrooms and four two bedrooms with parking at the rear of the property with no soft-story work required The property is fully occupied with strong in-place cash flow and additional rental upside of over 29% as units turn; at the asking price, 730 Crenshaw Blvd is being offered at $218,438 per unit a t a 5.47% CAP rate and 11.43 GRM on current income Renovated units feature spacious layouts with new vinyl plank flooring, stainless steel appliances, custom cabinetry, and updated kitchens & bathrooms; the property has a community laundry room and is separately metered for gas and electric Dense, infill location with an easy commute for residents throughout Koreatown and to nearby neighborhoods of Fairfax, La Brea, Hollywood, Larchmont Village, Hancock Park, and Downtown Los Angeles Located a half-mile from the Metro D Rail Line and walking distance to multiple metro bus lines along Crenshaw Blvd and Wilshire Blvd Opportunity to acquire a well-located asset with strong in-place cash flow and significant rental upside in a premiere submarket with continued low-vacancy and rent growth

Exclusively Listed By

Financing By

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