2234 Crenshaw Boulevard, Los Angeles, CA 90016
-
Listed Price :
$4,222,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
2024
Property Description
NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX 6% CAP FULLY LEASED TO SECTION 8 TENANTS
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.
Interior Features
| Laundry Information |
| Location(s) |
Inside, Laundry Closet, Stacked |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Features |
Balcony, High Ceilings, Quartz Counters, Recessed Lighting |
| Cooling Type |
Central Air, ENERGY STAR Qualified Equipment |
Listing Information
| Address |
2234 Crenshaw Boulevard |
| City |
Los Angeles |
| State |
CA |
| Zip |
90016 |
| County |
Los Angeles |
| Listing Agent |
Martin Fish DRE #01988997 |
| Co-Listing Agent |
Seth Hamilton DRE #01897619 |
| Courtesy Of |
Citivest Realty Services, Inc |
| List Price |
$4,222,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
7,839 |
| Year Built |
2024 |
Listing information courtesy of: Martin Fish, Seth Hamilton, Citivest Realty Services, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 8:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
