4242 Crenshaw BlvdLos Angeles, CA 90008

Property Details for 4242 Crenshaw Blvd

Year built

1941

Lot size

0.84 AC

Property size (Sq ft)

7,656 SF

Zone code

LAC1.5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5024-017-037

APU

5024017037

Description

This exceptional 6,000 square foot medical office building, located at 4242 S Crenshaw Blvd in Los Angeles, CA 90008, presents a unique opportunity for medical professionals seeking flexible and modern space. The property is situated in Los Angeles County and offers multiple tenancy options, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,600 square feet. Currently, the entire 6,000 square feet is vacant, providing an ideal chance to establish a thriving practice or expand an existing one. The building's classification also includes retail and restaurant uses, suggesting a diverse and vibrant surrounding community. This new mixed-use development offers a prime location for medical practices seeking high visibility and accessibility. The building's design is adaptable to various medical specialties, and the available space can be configured to meet specific needs. With its strategic location and versatile layout, this property represents a compelling investment in a growing Los Angeles market. Four individual spaces are available, ranging from 1,000 to 3,400 square feet, allowing for scalability and customization. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,218,248

  6.5%

  $2,047,614

  7%

  $1,901,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,455,865

  Geo Method

  $1,455,865

• Alternative Use

  Use

  Valuation

  Residential

  $2,539,041

  Hospitality

  $2,325,748

  Educational

  $1,934,995

  Medical

  $2,001,542

  Retail

  $3,009,992

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0073

Longitude

-118.335

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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