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2109 Crenshaw Blvd, Los Angeles, CA 90016
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2109 Crenshaw Blvd Los Angeles, CA 90016

$2,260,000 Sold Price as of 06/05/2024
  • 16 Beds
  • 16 Baths
  • 9,412 Sq.Ft.
Sold
$2,260,000 Sold Price as of 06/05/2024 Refinance Your Mortgage
Map preview of 2109 Crenshaw Blvd, Los Angeles, CA 90016

Property Overview: 2109 Crenshaw Blvd Los Angeles, CA has 16 bedrooms, 16 bathrooms, 9,412 living square feet and 7,282 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 8 unit building in Mid-City represents a well kept, late vintage investment that the family has lovingly maintained. They've left room at the table however, for the new owner to make it cash-flow with over 80% upside, and a clear path to profitability. The 1992 Construction circumvents the more restrictive LA city rent regulations. In July of this year, 4 of the 8 units are eligible for an 8.8% rent increase. There are 8 huge townhome style units. (4) of them are 2 BR /2.5 BA and (4) are 2BR/2BA. The units have updated kitchens and baths, washer/dryers, all copper plumbing, and new HVAC systems (See photos). The building has subterranean parking with gated entry and parking for 17 cars. It has secure entry to the lobby and a security system with 16 cameras and on-site monitor. The location is ideal! It's only 300 yards to Starbucks, and a few blocks to Washington-Irving Library, Planet Fitness, T-Mobile store, The Market, and US Post Office. AT $255 PSF, it represents outstanding value with incredible upside.

Listed by Keith Moret | BRE #01802527 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 9 minutes ago | Last updated: June 26th, 2024 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
7,282
HOA Dues
$0/mo
Year built
1992
Garage
10 Car
Property Type:
Multi Family
Status
Sold
MLS#
24363459
City
Los Angeles
County
Los Angeles
Time on Site
129 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,660
  • Total Rent: $1,660
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,632
  • Total Rent: $1,632
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,692
  • Total Rent: $1,692
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,698
  • Total Rent: $1,698
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,698
  • Total Rent: $1,698
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,711
  • Total Rent: $1,711
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,668
  • Total Rent: $1,668
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $3,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.09%
  • Gross Rent Multiplier: 14.73
  • Gross Scheduled Income: --
  • Net Operating Income: $98,121
  • Gross Operating Income: $150,152
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 2109 Crenshaw Blvd

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable, Upper Level
Room Information
  • Flooring: Laminate, Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Cooktop
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Controlled Entrance, Assigned, Auto Driveway Gate, Guest, Tandem Garage, Subterranean, Side by Side
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5061020042
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Washington Blvd. North of 10 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 2109 Crenshaw Blvd

Last sold for $2,260,000 on June 5th, 2024

  • June, 2024

  • Jun 5, 2024

    Date

    Sold

    CRMLS: 24363459

    $2,260,000

    Price

  • Feb 27, 2024

    Date

    Active

    CRMLS: 24363459

    $2,550,000

    Price

Tax History for 2109 Crenshaw Blvd

Assessed Value (2020): $2,129,566
Year Land Value Improved Value Assessed Value
2020 $1,591,812 $537,754 $2,129,566

Home Value Compared to the Market

This property vs the competition

2109 Crenshaw Blvd sold on June 5, 2024 for 88.38% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $254.99 per/sqft which puts the price per square foot 67.76% lower than the current median sale per square foot for the city of Los Angeles.

About 2109 Crenshaw Blvd

Detailed summary of property

2109 Crenshaw Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 9,412 living square feet, and sits on an approximately 7,282 square foot lot. 2109 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on February 29, 2024. The homeowner sold the property for $2,260,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 88.38% higher than the current median priced home. Local homes that are currently for sale include 1155 S Tremaine Ave, 1111 3rd Ave and 1122 S Citrus Ave. While the average home in Los Angeles, CA is selling in 102 days, 2109 Crenshaw Blvd has a days on market of 21 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 2109 Crenshaw Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2109 Crenshaw Blvd

Public county record property details
Beds
16
Baths
20
Year built
1992
Sq. Ft.
9,412
Lot Size
7,279
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5061-020-042

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$1,125,000
Median Sold Price/Sq.Ft.
$704
Total Inventory
82
Median Sale to List Price %
102.27%
Avg Days on Market
26
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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