Multifamily

1428 S Crescent Heights Blvd

1428 S Crescent Heights Blvd, Los Angeles, CA 90035

Listing Price: $2,200,000

Cap Rate
3.84%
GRM
15.70
Occupancy
97.0%

Investment Overview

Marcus & Millichap is pleased to present these dix-units located at 1428 South Crescent Heights Boulevard in Los Angeles, California. Built in 1949, the offering sits on 7,501-square feet of land with 4,648-square feet of rentable area consisting of five, one-bedroom/one-bathroom units; and one, two-bedroom/two-bathroom unit. The property features two non-rent control units (#s 1432 & 1432.5), private entrances for all units, gated community-like feel, ample natural light for all units, and great walk-ability. With a Walk Score of 87, the offering sits in one of Los Angeles' premier walk able neighborhoods with premier dining, shopping and entertainment in the Beverly Center just a short drive away. Located just minutes from Beverly Hills and Century City, 1428 South Crescent Heights Boulevard is ideally located in a densely populated, affluent West Los Angeles sub-market. Century City is the most prominent business district in Los Angeles outside of Downtown, and Beverly Hills is an international icon for its concentration of luxury and high-end shops and restaurants. The offering provides a savvy investor the opportunity to own a one of a kind property in a strong and centrally located rental pocket.

The property also has future redevelopment potential in that a developer has a 7,501-square foot lot, zoned R3 with 75 feet of frontage and a alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city.

Investment Highlights

  • Built in 1949
  • All Units Have Private Entrances
  • Secured and Gated Property
  • Natural Light in All Units
  • Great Central Location
  • Walk Score of 87

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
3.84%
GRM
15.70
Occupancy
97.0%

Investment Highlights

  • Built in 1949
  • All Units Have Private Entrances
  • Secured and Gated Property
  • Natural Light in All Units
  • Great Central Location
  • Walk Score of 87

Investment Overview

Marcus & Millichap is pleased to present these dix-units located at 1428 South Crescent Heights Boulevard in Los Angeles, California. Built in 1949, the offering sits on 7,501-square feet of land with 4,648-square feet of rentable area consisting of five, one-bedroom/one-bathroom units; and one, two-bedroom/two-bathroom unit. The property features two non-rent control units (#s 1432 & 1432.5), private entrances for all units, gated community-like feel, ample natural light for all units, and great walk-ability. With a Walk Score of 87, the offering sits in one of Los Angeles' premier walk able neighborhoods with premier dining, shopping and entertainment in the Beverly Center just a short drive away. Located just minutes from Beverly Hills and Century City, 1428 South Crescent Heights Boulevard is ideally located in a densely populated, affluent West Los Angeles sub-market. Century City is the most prominent business district in Los Angeles outside of Downtown, and Beverly Hills is an international icon for its concentration of luxury and high-end shops and restaurants. The offering provides a savvy investor the opportunity to own a one of a kind property in a strong and centrally located rental pocket.

The property also has future redevelopment potential in that a developer has a 7,501-square foot lot, zoned R3 with 75 feet of frontage and a alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city.

Exclusively Listed By

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