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#BB25017862, Elizabeth Maddox, Listing Office: Myunits.com Inc.
#SB25011258·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Brett Lyon·
Listing Office Phone: 3107801899
$4,500,000 List price
1338 Crenshaw Blvd Los Angeles, CA 90019
0.3 acres
Condo
Property details
About 1338 Crenshaw Blvd
Presenting an exceptional investment opportunity in the heart of Mid City Los Angeles: two side-by-side 20-unit properties, totaling 40 studio units. Offering 15,176 SF of rentable space on a sprawling 14,281 SF lot, this property delivers a strong 5.06% current CAP rate with substantial upside potential, including a 8.63% market CAP and a 6.72 market GRM. The 34% rental upside makes this property a standout for value-add investors. Ideally situated right off Pico Blvd, it provides convenient access to the West Side and Downtown LA, ensuring high tenant demand in this central location. Don't miss this rare opportunity to acquire a prime asset in one of LA’s most central neighborhoods.
Highlights
Home typeCondominium
StatusActive
Lot size0.3278 Acres
Year built1947
MLS #SB25011258
Summary
- MLS Number: SB25011258
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 780-1899
- Listing Agent: Brett Lyon
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,500,000
1338 Crenshaw Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 03, 2002 | Home Sold | $1,127,500 |
| Aug 28, 1997 | Home Sold | $76,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,101,693 | $14,578 |
| 2023 | $1,080,171 | $14,320 |
| 2022 | $1,059,070 | $13,701 |
| 2021 | $1,038,383 | $13,500 |
| 2020 | $1,023,777 | $12,769 |
| 2019 | $2,496,960 | $12,713 |
| 2018 | $984,025 | $12,454 |
| 2017 | $964,732 | $12,454 |
History based on county public records data.
Nearby schools
4
City Language Immersion Charter
Public Charter KG-5
0.2 mi
•4001 Venice Blvd
7
Global Education Academy 2
Public Charter KG-5
0.3 mi
•1717 7th Ave
4
Arlington Heights Elementary School
Public District KG-5
0.4 mi
•1717 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,437. The majority of Los Angeles, CA residents have income less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
54%
<35k
35%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
15%
Single, with Kids
17%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
43%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1338 Crenshaw Blvd
This home is located at 1338 Crenshaw Blvd in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 11, 2025 and is currently priced at $4,500,000.
Over 294 listings were sold over their listed price in January 2025 in Los Angeles, CA. In the same period over 545 listings were sold below the listed price and 161 listings were sold for the listed price. In January 2025 in Los Angeles, CA there were 20.1% more homes for sale than in December. The median list price of listings available in January 2025 was $1,035,435, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.