Price Reduced Listing
2234 Crenshaw Boulevard , Los Angeles, CA 90016
Los Angeles, CA 90016
Description
NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX 6% CAP FULLY LEASED TO SECTION 8 TENANTS We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a turnkey 6% Cap rate! The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes. This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
Details
| Mls | PW24202422 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | New Construction |
| Status | Active |
| Year | 2024 |
| Days On Site | 72 |
| Listing Provided By | Citivest Realty Services, Inc 714-553-2001 | Martin Fish |
Features
| Sq Feet | 10,110 |
|---|---|
| Garage | 6 |
| Storys | 3 |
| Units | 7 |
| Buildings | 3 |
| Zoning | LAR3 |
| Acreage | 0.18 |
| Property View | Yes |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $4,222,000 low | high Med: $1,000,000 SqFt: 10,110 low | high Med: 1,109 $ / SqFt: $418 low | high Med: $920 On Site: 72 low | high Med: 683.500000 | |
