5107 Crenshaw BLVD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90043
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25032599
Year Built 1934
Annual Tax Amount $33,088
Lot Size 10,467 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 5107 Crenshaw Blvd, a turnkey six unit apartment style building in the Windsor Hills neighborhood of Los Angeles to market. The front structure consists of a charming Tudor style brick façade four-plex that has was fully renovated in 2024 and two brand new three bed/three bath ADU's were built in the rear of the property. The front four plex consisted of (1) four bed/four bath unit, (1) 3 bed/2 bath unit, and (2) studio units. The two new ADU's consist of (2) three bed/three bath units.
Located adjacent to an affluent single family neighborhood, homes one block west on S Victoria Ave sell for at least $1,000,000.
The property is currently operating as a short term rental with the front four units fully furnished.
Due to the high bedroom/bathroom count and almost every bedroom having an attached bathroom, the property lends itself well to a co-living type of operator. This is a fifteen bed/fourteen bath property- it potentially could be a great fit for a subsidized charitable organization to own to house individuals as part of a shared living program that could move into a brand new building with historic charm walking distance to the Expo line for easy public transit around LA.
A private investor could also lease the units to market tenants and with proven projected rents and operate at a 6.5% cap rate and a 10.71 GRM.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR4
Interior
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Pool None
Community Features Urban
Building
Lot Description Front Yard
Story 2
Sewer Private Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard