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4703 Crenshaw Blvd, Los Angeles, CA 90043
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4703 Crenshaw Blvd Los Angeles, CA 90043

$1,300,000
  • -- Beds
  • -- Baths
  • 2,500 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 4703 Crenshaw Blvd, Los Angeles, CA 90043

Property Overview: 4703 Crenshaw Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 2,500 living square feet and 3,600 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: Situated in an Opportunity Zone with excellent tax saving potential for investors and owner-users, 4703-4705 Crenshaw Blvd. is an extensively renovated mixed-use storefront retail / residential building in the heart of the Crenshaw District of Los Angeles.The property includes a ground floor retail space of 1,800 SF divided into two units. Each unit benefits from over 15 foot high ceilings, extensive renovations, and has a 350 square foot built-out loft area. Unit 4705 has a loft with interior access, used for additional retail storage, or office use, while Unit 4703 has a 350 square foot loft built-out as a residential studio apartment unit with exterior access via a recently rebuilt wooden staircase. Unit 4705 is used for clothing retail sales, on a month-to-month lease. With its rear exterior access, the studio apartment loft above unit 4703 has the option to be leased out separately. Unit 4705 is vacant. On-site parking of 6 spaces is available at the rear (west) side of the building with secured, gated, alleyway access. The building is wood frame & stucco with a flat roof design. Crenshaw is a historically rich neighborhood that has established itself as an axis of culture, politics, and the arts, specifically within the African American community. Its central location, equidistant from the West Side, Downtown L.A., and Hollywood, makes it a crossroads for the Los Angeles scene. Recently, there have been a spate of large mixed-use development projects within a one mile radius of the subject property, including the Crenshaw Lofts, a 195 unit project in development immediately next door. An owner-user can obtain up to 90% Small Business Administration (SBA) Financing.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Co-listed by Marion Chatmon | BRE #01415152 | Top Hat Realty
Last checked: 1 minute ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
3,600
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
24379051
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
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 4703 Crenshaw Blvd

Interior Features
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5013015006
Location / Neighborhood
Location Information
  • Directions: On west side of Crenshaw Blvd. just south of Leimert Blvd. and a few blocks north 54th St.
View more facts & features

Local Los Angeles Agent

Sale History for 4703 Crenshaw Blvd

Last sold for $285,000 on September 21st, 2016

  • April, 2024

  • Apr 10, 2024

    Date

    Active

    CRMLS: 24379051

    $1,300,000

    Price

  • April, 2024

  • Apr 5, 2024

    Date

    Canceled

    CRMLS: RS23203491

    $1,580,000

    Price

  • Nov 2, 2023

    Date

    Active

    CRMLS: RS23203491

    $1,580,000

    Price

  • Listing provided courtesy of CRMLS

    Discover an exceptional investment opportunity located in the heart of Los Angeles' vibrant and historic district of Leimert Park. This Commercial Mix-Use Property, resting on one of the city's most heavily trafficked thoroughfares, presents approximately 2500 sqft of usable space that can be tailored to a profitable multi-purpose use.This property's convenience, accessibility, and visibility on Crenshaw Blvd enhance its potential as a multifamily apartment or a mixed-use complex. The property has been partitioned into three units. Configured uniformly, the first unit has been completely rehabbed, boasting an upgraded bathroom and an upstairs mezzanine.

  • March, 2022

  • Mar 7, 2022

    Date

    Price Change

    CRMLS: RS22036283

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    Park Mesa Heights development opportunity. 2,700 sq.ft. mixed-use commercial property with an additional 700sq.ft residential space. Amazing potential to build a tier 5+ zoned project and generate great tax incentives. Triple net lease. Situated in the fast-growing Crenshaw Redevelopment Project, within walking distance to the Leimert Park Station as well as shopping areas, restaurants, and schools. Located a few doors down from a planned 195-unit development, see the link below for a new release. Perfect for investors looking to add to their portfolio. Currently, A few units away from there will be a 186 mix-use complex to be has been approved (buyer to verify).

  • June, 2020

  • Jun 1, 2020

    Date

    Expired

    CRMLS: RS19284753

    $1,150,000

    Price

  • Dec 24, 2019

    Date

    Price Change

    CRMLS: RS19284753

    $1,150,000

    Price

  • Dec 23, 2019

    Date

    Active

    CRMLS: RS19284753

    $1

    Price

  • Listing provided courtesy of CRMLS

    Property is a Mix Use Zone property. Upon adding to the existing loft, the total square footage would be 3600. Currently a permitted loft which measures approx. 300 sq.ft.

  • March, 2019

  • Mar 26, 2019

    Date

    Expired

    CRMLS: RS18269142

    $3,600

    Price

  • Dec 31, 2018

    Date

    Withdrawn

    CRMLS: RS18269142

    $3,600

    Price

  • Nov 8, 2018

    Date

    Active

    CRMLS: RS18269142

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Two units - Unit 4703 for lease. This is a mix use unit that requires the top unit to be added if you need the space. Upon completion of the top unit, the square footage is 1800 sq.ft. Gated Parking located in the rear.

  • March, 2019

  • Mar 26, 2019

    Date

    Expired

    CRMLS: RS18266040

    $959,000

    Price

  • Nov 8, 2018

    Date

    Withdrawn

    CRMLS: RS18266040

    $959,000

    Price

  • Nov 4, 2018

    Date

    Active

    CRMLS: RS18266040

    $959,000

    Price

  • Listing provided courtesy of CRMLS

    Mix Use Property. Two Units 4703 and 4705 Crenshaw Blvd, Unit 4603 is occupied by a tenant who has remodeled their unit with outstanding upgrades. The second unit, the eviction is heading towards the end. anticipate vacating shortly. This is considered a tier 4 zone by the City of Los Angeles. Do not disturb tenants. Drive by only

  • September, 2016

  • Sep 21, 2016

    Date

    Sold (Public Records)

    Public Records

    $285,000

    Price

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Tax History for 4703 Crenshaw Blvd

Assessed Value (2020): $302,443
Year Land Value Improved Value Assessed Value
2020 $212,241 $90,202 $302,443

Home Value Compared to the Market

This property vs the competition

4703 Crenshaw Blvd is listed 6.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $520 per/sqft which puts the price per square foot 32.82% lower than the median price per square foot for the city of Los Angeles.

About 4703 Crenshaw Blvd

Detailed summary of property

4703 Crenshaw Blvd is a mixed use located in Los Angeles, CA 90043 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 2,500 living square feet, and sits on an approximately 3,600 square foot lot. 4703 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $1,300,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 6.12% higher than the median priced home. Local competing homes currently for sale include 1215 Fedora St, 10223 S Western Ave and 254 W 83rd St. While the average home in Los Angeles, CA is selling in 96 days, 4703 Crenshaw Blvd has a days on market of 16 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4703 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 4703 Crenshaw Blvd

Public county record property details
Beds
--
Baths
--
Year built
1946
Sq. Ft.
1,800
Lot Size
3,599
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5013-015-006

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
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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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