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4429 Crenshaw Blvd Los Angeles, CA 90043

$3,300,000 Sold Price as of 08/04/2020

119 Beds
91 Baths
10,140 Sq.Ft.

Sold

$3,300,000 Sold Price as of 08/04/2020 Refinance Your Mortgage

Map preview of 4429 Crenshaw Blvd, Los Angeles, CA 90043

Property Overview: 4429 Crenshaw Blvd Los Angeles, CA has 119 bedrooms, 91 bathrooms, 10,140 living square feet and 10,320 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity...that value add building located on the new Crenshaw train line due to open 2020. This Mix-use building has 19 units, which includes (5) retail stores, (1) 3 bed unit, (4) 2 bed units, (8) 1 bed units and (1) studios all with 1 bath. The retail spaces are approximately 1000sqft. Bring your management and ride the upside to this building and community. Can be purchased separately or with adjoined 14 units located at 4425 Crenshaw Blvd. Future transit oriented development site as well. Land is Zoned Tier 4 TOC, can build 67 units by right up to 109 units with density bonus, when developed with adjoined building. Huge upside potential. Buyer to satisfy self in regards to permits, square footage.

Listed by Vance Edwards | BRE #01893825 | Compass

Last checked: 59 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft: 10,320
HOA Dues: $0/mo
Year built: 1934
Garage: --
Property Type:: Mixed Use

Status: Sold
MLS#: SR20032985
City: Los Angeles
County: Los Angeles
Time on Site: 1204 days

Property Unit Breakdown

Unit Mix Summary

Total # of Units: 91
Total # of Buildings: 1
# of Leased Units: 14

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Actual Rent: $1,080
Total Rent: --

Unit Breakdown 2

# of Units: 10
# of Beds: 2
# of Baths: 1
Actual Rent: $1,159
Total Rent: --

Unit Breakdown 3

# of Units: 11
# of Beds: 1
# of Baths: 1
Actual Rent: $1,269
Total Rent: --

Unit Breakdown 4

# of Units: 12
# of Beds: 2
# of Baths: 1
Actual Rent: $1,600
Total Rent: --

Unit Breakdown 5

# of Units: 13
# of Beds: 1
# of Baths: 1
Actual Rent: $1,419
Total Rent: --

Unit Breakdown 6

# of Units: 2
# of Beds: 2
# of Baths: 1
Actual Rent: $1,152
Total Rent: --

Unit Breakdown 7

# of Units: 3
# of Beds: 1
# of Baths: 1
Total Rent: --

Unit Breakdown 8

# of Units: 4
# of Beds: 1
# of Baths: 1
Actual Rent: $1,269
Total Rent: --

Unit Breakdown 9

# of Units: 5
# of Beds: 3
# of Baths: 1
Actual Rent: $1,350
Total Rent: --

Unit Breakdown 10

# of Units: 6
# of Beds: 1
# of Baths: 1
Actual Rent: $1,269
Total Rent: --

Unit Breakdown 11

# of Units: 7
# of Beds: 0
# of Baths: 1
Actual Rent: $417
Total Rent: --

Unit Breakdown 12

# of Units: 8
# of Beds: 1
# of Baths: 1
Total Rent: --

Unit Breakdown 13

# of Units: 9
# of Beds: 1
# of Baths: 1
Total Rent: --

Property Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $200,796
Net Operating Income: --
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: --
Trash: $2,772
Insurance: $8,000
Water/Sewer: $8,100

Property Details for 4429 Crenshaw Blvd

Interior Features

Laundry Information

None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 10

Lot Information

Lot Features: 16-20 Units/Acre
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Total # of Units: 91
Parcel Number: 5013013003

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Water Source: Public

Location / Neighborhood

Location Information

Directions: Just Vernon ave on Crenshaw

View more facts & features

Local Los Angeles Agent

Sale History for 4429 Crenshaw Blvd

Last sold for $5,750,000 on August 4th, 2020

August, 2020
Aug 5, 2020

Date

Sold

CRMLS: SR20032985

$3,300,000

Price
Apr 24, 2020

Date

Price Change

CRMLS: SR20032985

$3,100,000

Price
Apr 3, 2020

Date

Price Change

CRMLS: SR20032985

$3,700,000

Price
Feb 25, 2020

Date

Active Under Contract

CRMLS: SR20032985

$3,100,000

Price
Feb 14, 2020

Date

Active

CRMLS: SR20032985

$3,100,000

Price
August, 2020
Aug 4, 2020

Date

Sold (Public Records)

Public Records

$5,750,000

Price
August, 2015
Aug 17, 2015

Date

Price Change

CRMLS: 15933395

$2,130,000

Price
Listing provided courtesy of CRMLS

Attention developers and investors!! Here is your opportunity to get in on the ground level in an area that is really booming! Leimert Park Metro station is under construction across the street and there are plans for new offices, housing, retail and hotel rooms at the Baldwin Hills Crenshaw Plaza. This is a mixed use building, 5 retail spaces with 11 apartments on the second floor. 8 garages and 10 additional gated parking spaces in the back. Income from retail is $7,400/month and garage rental income is $1,088/month. See attached rent roll. This is a great investment at a 9 GRM with upside in the rents. The marijuana dispensary will be given a 30 day notice to move at the opening of escrow and this unit will be vacant at close of escrow.

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December, 2013
Dec 13, 2013

Date

Sold (Public Records)

Public Records

$386,000

Price

Tax History for 4429 Crenshaw Blvd

Assessed Value (2020): $1,776,616

Year	Land Value	Improved Value	Assessed Value
2020	$711,767	$1,064,849	$1,776,616

Home Value Compared to the Market

This property vs the competition

4429 Crenshaw Blvd sold on August 4, 2020 for 195.24% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $305.72 per/sqft which puts the price per square foot 58.57% lower than the current median sale per square foot for the city of Los Angeles.

About 4429 Crenshaw Blvd

Detailed summary of property

4429 Crenshaw Blvd is a mixed use that recently sold in Los Angeles, CA 90043. This mixed use property offered 119 bedrooms, 91 bathrooms, roughly 10,140 living square feet, and sits on an approximately 10,320 square foot lot. 4429 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,300,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 195.24% higher than the current median priced home. Local homes that are currently for sale include 4067 Beverly Blvd, 198 S Commonwealth Ave and 5531 Santa Monica Blvd. While the average home in Los Angeles, CA is selling in 96 days, 4429 Crenshaw Blvd has a days on market of 12 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 4429 Crenshaw Blvd Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4429 Crenshaw Blvd

Public county record property details

Beds: 5
Baths: 3
Year built: 1934
Sq. Ft.: 10,140
Lot Size: 10,320
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18-20
APN: 5013-013-003

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$945,000

Median List Price/Sq.Ft.

$588

Median Sold Price

$727,000

Median Sold Price/Sq.Ft.

$516

Total Inventory

Median Sale to List Price %

96.93%

Avg Days on Market

Loan Type

Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Homes for Sale Near 4429 Crenshaw Blvd

Nearby Homes for Sale

4924-4928 4924 and 49289 Crenshaw Blvd, Los Angeles, CA 90043

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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.