2234 Crenshaw BLVD Los Angeles, CA 90016
10,110 SqFt
UPDATED:
12/05/2024 07:34 PM
Key Details
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 10,110 sqft
Price per Sqft $417
MLS Listing ID PW24202422
Style Modern
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Lot Size 7,840 Sqft
Acres 0.18
Property Description
We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a turnkey 6% Cap rate! The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.
Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.
This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner's common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
Please contact us regarding this opportunity or one of the seller's many other similar developments throughout Los Angeles.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Interior Features Balcony, High Ceilings, Living Room Balcony, Quartz Counters, Recessed Lighting
Heating Central, ENERGY STAR Qualified Equipment
Cooling Central Air, ENERGY STAR Qualified Equipment
Flooring Laminate
Fireplaces Type None
Appliance Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
Laundry Dryer Included, In Closet, Inside, Stackable, Washer Included
Exterior
Exterior Feature Lighting
Parking Features Assigned
Garage Spaces 6.0
Fence Excellent Condition
Pool None
Community Features Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Common Roof
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Security Features Automatic Gate,Card/Code Access,Fire and Smoke Detection System,Fire Sprinkler System,Security Lights,Smoke Detector(s)
Special Listing Condition Standard
Confidential INFO
TERMS Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
PRIVATE REMARKS All of the units are leased, Please contact Martin Fish with any questions. Text or call (310)905-4834 Property to be shown upon accepted offer.
SHOW CONTACT TYPE Agent,See Remarks
SHOW CONTACT NAME Martin Fish
SHOW CONTACT PH (310)905-4834
SHOW INSTRUCTIONS No tours of the units will be shown until an accepted offer is received. Please do not disturb tenants and text or call with any questions.
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