2234 Crenshaw Boulevard
Los Angeles, CA 90016
0.18 acres | #PW24202422
Description
NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX
We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. Construction of the final unit ADU has been completed with CofO in hand. Fully leased at market rents operating at a 5.52% 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 ownerís 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 sellerís many other similar developments throughout Los Angeles.
Interior Details
- InteriorBalcony, HighCeilings, QuartzCounters, RecessedLighting
Property Details
- ViewCityLights, Neighborhood
- Lot DescriptionSixToTenUnitsAcre
- Exterior MaterialsLighting
- Stories3
Measurements
- Acres0.18
Parking
- Parking Spaces6
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2024
Material information
- FoundationSlab
Utilities / Energy Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$4,350,000
Other
- MLS #PW24202422
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Martin Fish (#PWFISHMAR)
Listing Office: Citivest Realty Services, Inc (#PB16907)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
