1187 Crenshaw Boulevard, Los Angeles, CA 90019

$3,850,000

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List Price
$3,850,000
Price Change
▲ $60,000 1794298887
Status
ACTIVE
MLS#
NP26240751
Year Built
2020
Lot Size
7,000
Acres
0.16
Lot Location
Front Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Near Public Transit, Sprinklers On Side
Days on Market
0
Property Type
Multifamily
Style
Colonial, Modern
Property Sub Type
Mixed Use
Stories
Two Levels

Property Description

Eight modern townhomes in one central Los Angeles investment, exempt from state rent control. 1187 Crenshaw is an 8-unit residential income property in the heart of Los Angeles. It was designed with clean contemporary lines, high-quality materials, and equal attention to style and function. Each townhouse-style unit has an open-concept layout, a spacious loft or mezzanine that works as a home office or extra living space, and its own private rooftop deck with great views. The one-bedroom Unit 108 has the largest deck on the property. Energy-efficient appliances and eco-friendly features help keep operating costs down and appeal to renters who care about sustainability. Location drives rental demand, and this one is hard to beat. Residents are minutes from Koreatown, Downtown, West Hollywood, Century City, Westwood, Santa Monica, and the Olympic Blvd tech corridor, with easy freeway access and public transit close by. Modern units in a central location attract quality tenants and support long-term value. Because the property is exempt from state rent control, you also have more flexibility on rents than with many older buildings. Newer multifamily properties this well located don't come up often. Contact the listing agent today for the rent roll and financials, or to schedule a private tour of 1187 Crenshaw. Regenerate

Additional Information

Appliances
Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Tankless Water Heater
Pool Description
None
Heat
Zoned
Cooling
Yes
Cooling Description
Zoned
View
City Lights
Garage Spaces Total
16
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Cathedral Ceiling(s), High Ceilings, Quartz Counters, Recessed Lighting, Two Story Ceilings, Unfurnished, Bedroom on Main Level, Walk-In Closet(s)
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$29,900
Operating Expense
1200

Listing courtesy of Listing Agent: Chad Pape (chad@PapeRealEstate.com) from Listing Office: Coldwell Banker Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.