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2254 Crenshaw Blvd, Los Angeles, CA 90016
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2254 Crenshaw Blvd Los Angeles, CA 90016

$1,225,000
  • 10 Beds
  • 7 Baths
  • 4,265 Sq.Ft.
For Sale
$1,225,000 Get Pre-Qualified
Map preview of 2254 Crenshaw Blvd, Los Angeles, CA 90016

Property Overview: 2254 Crenshaw Blvd Los Angeles, CA has 10 bedrooms, 7 bathrooms, 4,265 living square feet and 7,795 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Development/conversion project for a 7 unit building to be built within the existing envelope of the current 3 units. The project will be delivered shovel ready, (RTI) with a buyer being able start the construction on day one. The new unit mix consists of 4: 2+1, 2: 1+1 and a studio. The property is to be delivered fully vacant. Approximate 7.5 Cap and 8.5 GRM after Completion based on proforma rents.

Listed by Jon Emrani | BRE #01427038 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,795
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24431977
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.5%
  • Gross Rent Multiplier: 8.5
  • Gross Scheduled Income: --
  • Net Operating Income: $130,725
  • Gross Operating Income: $193,800
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2254 Crenshaw Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 7
  • Parcel Number: 5060005001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of W 23rd St. and Crenshaw Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 2254 Crenshaw Blvd

Last sold for $957,500 on September 5th, 2019

  • August, 2024

  • Aug 26, 2024

    Date

    Active

    CRMLS: 24431977

    $1,225,000

    Price

  • September, 2019

  • Sep 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $957,500

    Price

  • January, 2018

  • Jan 14, 2018

    Date

    Expired

    CRMLS: 17251276

    $999,000

    Price

  • Jul 14, 2017

    Date

    Active

    CRMLS: 17251276

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is located at 2254 Crenshaw Boulevard, Los Angeles CA 90016. The subject property is located on the North-East Corner of Crenshaw Boulevard and 23rd Street. It is comprised of three units, a standalone home that boasts 3 Bedrooms and 2 Baths, in the rear of the property there are four garages with two 1 Bedroom 1 Bathroom units on top. The property is perfect for an owner user that wants to occupy the home and benefit from additional income from the two other units. Additionally this is a developers dream with a corner lot zoned LAR3 that is situated on approximately 7,792 SF of land. With 10 units buildable by right, information to be verified by buyer with the city of Los Angeles.

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Tax History for 2254 Crenshaw Blvd

Assessed Value (2020): $957,500
Year Land Value Improved Value Assessed Value
2020 $600,000 $357,500 $957,500

Home Value Compared to the Market

This property vs the competition

2254 Crenshaw Blvd is listed 2.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $287.22 per/sqft which puts the price per square foot 62.6% lower than the median price per square foot for the city of Los Angeles.

About 2254 Crenshaw Blvd

Detailed summary of property

2254 Crenshaw Blvd is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 10 bedrooms, 7 bathrooms, roughly 4,265 living square feet, and sits on an approximately 7,795 square foot lot. 2254 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on August 26, 2024. The homeowner is currently asking $1,225,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.08% higher than the median priced home. Local competing homes currently for sale include 4516 St Charles Pl, 2015 6th Ave and 2122 6th Ave. While the average home in Los Angeles, CA is selling in 106 days, 2254 Crenshaw Blvd has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2254 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 2254 Crenshaw Blvd

Public county record property details
Beds
5
Baths
4
Year built
1922
Sq. Ft.
3,028
Lot Size
7,792
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
89
APN
5060-005-001

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
$1,000,000
Median List Price/Sq.Ft.
$708
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
82
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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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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