4279 Crenshaw BlvdLos Angeles, CA 90008

Property Details for 4279 Crenshaw Blvd

Year built

1939

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

3,240 SF

Zone code

LAC1.5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5024-007-005

APU

5024007005

Description

This exceptional 3,240 square foot retail property, located at 4279 Crenshaw Boulevard in Los Angeles, CA 90008, presents a unique investment opportunity. Currently configured as a single-story building with three units occupied by established businesses, generating immediate income, the property sits on a 0.126-acre lot and was built in 1939. Zoned for redevelopment, it offers approved plans for a transformative project. These plans include the construction of six residential units (five one-bedroom and one two-bedroom), totaling approximately 3,125 square feet, potentially spanning up to three stories. The envisioned development includes modern, light-filled units and a rooftop terrace. The property's prime location in the vibrant Leimert Park neighborhood offers easy access to the new metro/subway station, providing excellent connectivity throughout Los Angeles. This location is close to cultural landmarks, restaurants, and boutiques. The asking price for this exceptional property is $3,477,777. This is a chance to capitalize on the revitalization of a key Los Angeles area and create a significant return on investment. The property's current income stream, combined with its redevelopment potential, makes it an attractive proposition for discerning investors seeking a blend of immediate returns and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $938,757

  6.5%

  $866,545

  7%

  $804,649

• Comparable approach

  Method

  Valuation

  Relative Method

  $616,118

  Geo Method

  $616,118

• Alternative Use

  Use

  Valuation

  Residential

  $1,074,516

  Hospitality

  $984,251

  Educational

  $818,885

  Medical

  $847,048

  Retail

  $1,273,821

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0058

Longitude

-118.334

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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