See all 21 photos

$4,222,000

Est. payment - /mo

Save

7,839 Sqft Lot

Contingent

2234 Crenshaw BLD Los Angeles, CA 90016

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Feb

Tue

Feb

Wed

Feb

Xavier Williams

REAL Brokerage

[email protected] +1(408) 774-4300

UPDATED:

01/08/2025 07:13 PM

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID CRPW24202422

Style Contemporary

Originating Board California Regional MLS

Year Built 2024

Lot Size 7,839 Sqft

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 servi

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Rooms

Kitchen Dishwasher, Microwave, Oven - Self Cleaning, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Other, Central Forced Air

Cooling Central AC, Other

Flooring Laminate

Laundry In Closet, Other, Washer, Washer/Dryer - Owned, Stacked Only, Dryer

Exterior

Parking Features Assigned Spaces

Garage Spaces 8.0

Pool 31, None

View Local/Neighborhood, City Lights

Roof Type Other

Building

Story Three or More Stories

Foundation Concrete Slab

Water District - Public

Architectural Style Contemporary

Others

Tax ID 5060005005

Special Listing Condition Not Applicable , Accepting Backups

Listed by Martin Fish • Citivest Realty Services, Inc

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA