Skip to main content

Multifamily

1428 S Crescent Heights

1428 S Crescent Heights Blvd, Los Angeles, CA 90035

Listing Price: $2,225,000

Cap Rate
4.10%
Number of Units
6
Price/Unit
$370,833
Price/Gross SF
$478.70
Gross SF
4,648

Investment Overview

Marcus & Millichap is pleased to present these 6 units located at 1428 S Crescent Heights Boulevard in Los Angeles, California. Built in 1949, the offering sits on 7,501 SF of land with 4,648 SF of rentable area consisting of 5 one-bedroom/one-bathroom and 1 two-bedroom/two bathroom units. 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 S 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 1949/1940
  • All Units Have Private Entrances
  • 2 Units Are Non-Rent Control
  • Secured & Gated Property
  • Natural Light in All Units
  • Future Redevelopment
  • Great Central Location
  • Walk Score of 87

Exclusively Listed By

Financing By

Listing Price: $2,225,000

Cap Rate
4.10%
Number of Units
6
Price/Unit
$370,833
Price/Gross SF
$478.70
Gross SF
4,648

Investment Highlights

  • Built in 1949/1940
  • All Units Have Private Entrances
  • 2 Units Are Non-Rent Control
  • Secured & Gated Property
  • Natural Light in All Units
  • Future Redevelopment
  • Great Central Location
  • Walk Score of 87

Investment Overview

Marcus & Millichap is pleased to present these 6 units located at 1428 S Crescent Heights Boulevard in Los Angeles, California. Built in 1949, the offering sits on 7,501 SF of land with 4,648 SF of rentable area consisting of 5 one-bedroom/one-bathroom and 1 two-bedroom/two bathroom units. 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 S 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

Financing By

MM Texture Background
MM Textured Background Lower