Sold for $4,350,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Brett Lyon • Contact: 310-706-4066

Bought with: Lyon Stahl Investment Real Estate, Inc.

$4,350,000

1338 Crenshaw Blvd, Los Angeles, CA 90019

--beds

40baths

15,176sqft

Multi Family

Built in 1947

-- sqft lot

$4,303,800 Zestimate^®

$287/sqft

$2,819 Estimated rent

Home value

$4,303,800

$3.87M - $4.78M

$2,819/mo

Zestimate^® history

Owner options

List your home for rent

$2,819/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,819/mo

Rent Zestimate^®

Refinance and save

$27,721/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$27,721/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 40

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 15,176
Total interior livable area: 15,176 sqft

Property

Features

Entry location: 1
Pool features: None

Lot

Size: 0.33 Acres
Features: 2-5 Units/Acre

Details

Parcel number: 5072005018
Zoning: LAR3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $287/sqft
Date on market: 2/10/2025
Cumulative days on market: 18 days
Listing terms: Conventional
Total actual rent: 40143

Price history

Date	Event	Price
5/16/2025	Sold	$4,350,000-3.3%$287/sqft
Source: CRMLS #SB25011258 Report a problem
2/28/2025	Pending sale	$4,500,000$297/sqft
Source: CRMLS #SB25011258 Report a problem
2/11/2025	Listed for sale	$4,500,000$297/sqft
Source: CRMLS #SB25011258 Report a problem