5144 Crenshaw BlvdLos Angeles, CA 90043

Property Details for 5144 Crenshaw Blvd

Year built

1947

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

4,710 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

5013-019-002

APU

5013019002

Description

This exceptional mixed-use development presents a rare opportunity to lease retail space in a vibrant Los Angeles location. Situated at the highly visible intersection of Crenshaw Boulevard and 52nd Street, this newly completed building offers three available retail units ranging from 763 to 1,767 square feet. Ideal for restaurant or retail businesses, these ground-floor spaces benefit from high foot traffic and excellent visibility along the bustling Crenshaw Corridor. The building is part of a larger development, incorporating 79 residential units across four floors, ensuring a consistent flow of potential customers. Building amenities include a well-maintained landscaped courtyard, a communal terrace perfect for relaxation or outdoor seating, and a convenient recreation room for residents. This prime location offers unparalleled access to a diverse and thriving community, making it an ideal investment for businesses seeking a high-impact presence in a rapidly growing area. The property is located in Los Angeles County, California, with the precise address being 5144 S Crenshaw Blvd, zip code 90043. This is a unique chance to establish a business in a modern, well-amenitized building within a dynamic and densely populated neighborhood. Don't miss this chance to secure your space in this thriving mixed-use development.

• CAP approach

  CAP return

  Valuation

  6%

  $2,006,072

  6.5%

  $1,851,758

  7%

  $1,719,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,257,047

  Geo Method

  $2,257,047

• Alternative Use

  Use

  Valuation

  Residential

  $1,562,028

  Hospitality

  $1,430,809

  Educational

  $1,190,416

  Medical

  $1,231,356

  Retail

  $1,851,758

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9954

Longitude

-118.33

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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