NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX 6% CAP FULLY LEASED TO SECTION 8 TENANTS
We are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a turnkey 6% Cap rate! The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.
Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.
This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
Sold for $3,940,000
Listed by: Citivest Realty Services, Inc • Martin Fish • Contact: 310-905-4834
Bought with: Engel & Volkers Burbank
$3,940,000
2234 Crenshaw Blvd, Los Angeles, CA 90016
21beds
18baths
10,110sqft
Mixed Use
Built in 2024
-- sqft lot
$-- Zestimate®
$390/sqft
$2,706 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,706/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Martin Fish DRE #01988997 310-905-4834,
Citivest Realty Services, Inc,
Seth Hamilton DRE #01897619,
Citivest Realty Services, Inc
Bought with:
Juan Argueta, DRE #01467906
Engel & Volkers Burbank
Source: CRMLS,MLS#: PW24202422
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 18
Heating
- Central, ENERGY STAR Qualified Equipment
Cooling
- Central Air, ENERGY STAR Qualified Equipment
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer
- Laundry: Inside, Laundry Closet, Stacked
Features
- Balcony, High Ceilings, Quartz Counters, Recessed Lighting
- Flooring: Laminate
- Doors: ENERGY STAR Qualified Doors
- Windows: ENERGY STAR Qualified Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,110
- Total interior livable area: 10,110 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
- Garage spaces: 6
- Uncovered spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Street
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Fencing: Excellent Condition
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 7,839 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 5060005005
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Common Roof
Condition
- Turnkey
- New construction: Yes
- Year built: 2024
Details
- Builder name: TrueBuilt Construction
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Construction, Doors, HVAC, Insulation, Lighting, Thermostat, Water Heater, Windows, Appliances
- Energy generation: Solar
- Construction elements: Conserving Methods, Recycled Materials, Renewable Materials
- Water conservation: Water Recycling
Community & HOA
Community
- Features: Sidewalks, Urban
- Security: Fire Detection System, Fire Sprinkler System, Security Gate, Key Card Entry, Smoke Detector(s), Security Lights
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $2,838,309
- Annual tax amount: $34,848
- Date on market: 9/30/2024
- Cumulative days on market: 91 days
- Listing terms: Submit
- Total actual rent: 26937
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $3,940,000+310.4%$390/sqft |
Source:  CRMLS #PW24202422 Report a problem | ||
| 2/14/2020 | Sold | $960,000-3.9%$95/sqft |
Source:  CLAW #19487658 Report a problem | ||
| 2/12/2020 | Pending sale | $999,000$99/sqft |
Source: BRC Advisors- BH #19487658 Report a problem | ||
| 10/28/2019 | Price change | $999,000-4.9%$99/sqft |
Source: BRC Advisors- BH #19487658 Report a problem | ||
| 7/11/2019 | Price change | $1,050,000-12.1%$104/sqft |
Source: BRC Advisors- BH #19-487658 Report a problem | ||
| 5/23/2019 | Price change | $1,195,000-19.7%$118/sqft |
Source: BRC Advisors- BH #19463168 Report a problem | ||
| 5/8/2019 | Listed for sale | $1,489,000+207%$147/sqft |
Source: BRC Advisors- BH #19463168 Report a problem | ||
| 3/30/2004 | Sold | $485,000+98%$48/sqft |
Source: Public Record Report a problem | ||
| 11/9/2000 | Sold | $245,000+80.1%$24/sqft |
Source: Public Record Report a problem | ||
| 3/27/1996 | Sold | $136,000-1.6%$13/sqft |
Source: Public Record Report a problem | ||
| 10/10/1995 | Sold | $138,224$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,848 +1.3% | $2,838,309 +2% |
| 2024 | $34,396 +175.5% | $2,782,657 +178.4% |
| 2023 | $12,484 +4.8% | $999,600 +2% |
| 2022 | $11,916 -1.6% | $980,000 -1% |
| 2021 | $12,112 -0.3% | $990,152 +57% |
| 2020 | $12,144 +51% | $630,506 +2% |
| 2019 | $8,040 +6% | $618,144 +2% |
| 2018 | $7,584 | $606,025 +2% |
| 2017 | $7,584 +2.2% | $594,143 +2% |
| 2016 | $7,424 +2.4% | $582,494 +1.5% |
| 2015 | $7,249 +58.1% | $573,746 +63.9% |
| 2014 | $4,586 | $350,000 -11.8% |
| 2012 | -- | $397,000 |
| 2011 | -- | $397,000 |
| 2010 | -- | $397,000 -25.9% |
| 2009 | -- | $535,474 +2% |
| 2008 | -- | $524,976 +2% |
| 2007 | -- | $514,684 +2% |
| 2006 | -- | $504,593 |
| 2005 | -- | $504,593 +94.6% |
| 2004 | -- | $259,337 +1.9% |
| 2003 | -- | $254,585 +2% |
| 2002 | -- | $249,594 +77.6% |
| 2000 | -- | $140,511 |
Find assessor info on the county website
Neighborhood: Jefferson Park
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Nearby schools
GreatSchools rating
- 3/10Arlington Heights Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Johnnie Cochran, Jr., Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 1.3 mi
- California
- Los Angeles County
- Los Angeles
- 90016
- Jefferson Park
- 2234 Crenshaw Blvd
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