4034 Crenshaw Blvd, Los Angeles, CA 90008
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4034 Crenshaw Blvd Los Angeles, CA 90008

$4,999,999
  • -- Beds
  • -- Baths
  • 3,731 Sq.Ft.
Back Up Offer
$4,999,999 Get Pre-Qualified

Map preview of 4034 Crenshaw Blvd, Los Angeles, CA 90008

Property Overview: 4034 Crenshaw Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 3,731 living square feet and 21,877 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: Trust Sale. No Court confirmation required. Rare opportunity to acquire a prime commercial NNN property on a ground lease in highly sought-after Leimert Park. First time for sale, since subject property was developed in 2001. 21,877 sq. ft. (=0.5 acres) lot, zoned LAC2, on the south-east signalized corner of Crenshaw Blvd. & Martin Luther King Jr. Blvd. Tenant is Krispy Kreme, with current lease term until Oct. 31, 2029. Tenant has 2 additional 5-year options to extend beyond Oct. 2029, with annual CPI increases. Starting CAP rate of 5.00% effective Nov. 1, 2024, when the monthly NNN base rent will be $20,743.32. Annual CPI increases with minimum 2.00% effective Nov. 1, 2025. Seller is an independent Trustee, and cannot make any representations as to the condition, history of the subject property. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 4 minutes ago | Last updated: August 29th, 2024 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
21,877
HOA Dues
$0/mo
Year built
2000
Garage
--
Property Type:
Other
Status
Back Up Offer
MLS#
24398655
City
Los Angeles
County
Los Angeles
Time on Site
115 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4034 Crenshaw Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 25
Lot Information
  • Lot Features: Corner Lot, Rectangular Lot, Lot 20000-39999 Sqft, Level with Street, Park Nearby, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 5033004035
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Martin Luther King Jr Blvd, East of Crenshaw Blvd, West of Westside Blvd, and South of W Exposition Blvd
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Sale History for 4034 Crenshaw Blvd

Last sold on December 28th, 2020
  • August, 2024

  • Aug 27, 2024

    Date

    Back Up Offer

    CRMLS: 24398655

    $4,999,999

    Price

  • Jun 3, 2024

    Date

    Active

    CRMLS: 24398655

    $4,999,999

    Price

  • December, 2020

  • Dec 28, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2009

  • Oct 22, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4034 Crenshaw Blvd

Assessed Value (2020): $928,383
Year Land Value Improved Value Assessed Value
2020 $368,265 $560,118 $928,383

Home Value Compared to the Market

This property vs the competition

4034 Crenshaw Blvd is listed 316.67% 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 $771 and this home is listed at $1340.12 per/sqft which puts the price per square foot 73.82% higher than the median price per square foot for the city of Los Angeles.

About 4034 Crenshaw Blvd

Detailed summary of property

4034 Crenshaw Blvd is a other located in Los Angeles, CA 90008 and is currently in escrow to be sold. This property offers -- bedrooms, -- bathrooms, roughly 3,731 living square feet, and sits on an approximately 21,877 square foot lot. 4034 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on June 3, 2024. The homeowner is currently asking $4,999,999. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 316.67% higher than the median priced home. Local competing homes currently for sale include 215 E Washington Blvd, 7809 Melrose Ave and 127 E 88th St. While the average home in Los Angeles, CA is selling in 106 days, 4034 Crenshaw Blvd has a days on market of 115 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 4034 Crenshaw Blvd Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4034 Crenshaw Blvd

Public county record property details
Beds
--
Baths
--
Year built
2000
Sq. Ft.
3,731
Lot Size
21,877
Stories
1
Type
Fast Food Restaurant / Drive-Thru
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5033-004-035

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$672
Median Sold Price
$1,315,000
Median Sold Price/Sq.Ft.
$602
Total Inventory
46
Median Sale to List Price %
94%
Avg Days on Market
29
Loan Type
Conventional (21.43%), FHA (0%), VA (0%), Cash (21.43%), Other (7.14%)

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Related Resources to 4034 Crenshaw Blvd

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.