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1502 Crenshaw Boulevard

Los Angeles (City), CA 90019
  • $1,365,000
  • STATUS: Active
  • ON SITE: 19 days
  • ID#: 21743032
UPDATED: 129 min ago
$1,365,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,542
    SQFT
  • $537
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1923
County:

School Ratings & Info

Description

RTI DEVELOPMENT OPPORTUNITY. The sale of this property comes with fully approved RTI plans to build a 7,695sf 4-Unit townhome style complex with 20 bedrooms, 19 bathrooms and 9 parking spaces. The plans for the modern minimalist double duplex feature (3) 5Br+5Ba units and (1) 5Br+4Ba unit with balconies, patios and rear units with private outdoor space. Parking includes 5 uncovered and 4 covered spaces. All utilities are individually metered. The future property has an estimated ARV of $3mil to $3.2mil with a projected annual gross income of $230,000 (an avg. monthly rent of $4,800/unit), putting it at an approx. 5.5% Cap. Currently standing is a 2,542sf 4Br+2Ba SFR on a 7,100sf LAR3-1 T.O.C. Tier 3 lot. Located in a Prime Mid-City pocket near grocery markets, schools and trendy restaurants such as Pasta Sisters, Grain Cafe and Gus' World Famous Fried Chicken.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-23T15:45:27.503. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | First Team Real Estate. Licensed in the State of California, USA.
www.encinashomes.com/homes/117884502
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1502 Crenshaw Boulevard Los Angeles (City), CA 90019

  • Price: $1,365,000
  • Status: Active
  • Updated: 129 min ago
  • ID#: 21743032
4
Beds
2
Baths
0
½ Baths
N/A
Acres
2,542
SQFT
$537
$/SQFT
1923
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
RTI DEVELOPMENT OPPORTUNITY. The sale of this property comes with fully approved RTI plans to build a 7,695sf 4-Unit townhome style complex with 20 bedrooms, 19 bathrooms and 9 parking spaces. The plans for the modern minimalist double duplex feature (3) 5Br+5Ba units and (1) 5Br+4Ba unit with balconies, patios and rear units with private outdoor space. Parking includes 5 uncovered and 4 covered spaces. All utilities are individually metered. The future property has an estimated ARV of $3mil to $3.2mil with a projected annual gross income of $230,000 (an avg. monthly rent of $4,800/unit), putting it at an approx. 5.5% Cap. Currently standing is a 2,542sf 4Br+2Ba SFR on a 7,100sf LAR3-1 T.O.C. Tier 3 lot. Located in a Prime Mid-City pocket near grocery markets, schools and trendy restaurants such as Pasta Sisters, Grain Cafe and Gus' World Famous Fried Chicken.
Exterior Features

Direction Faces West Patio And Porch Features Rear PorchOpenPatio Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Laundry Features See Remarks Levels TwoThree Or More Listing Agreement Seller Reserved Listing Service Full Service Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Standard Zoning Lar3

Listing provided courtesy of Yohann Bensimon of Keller Williams Hollywood Hills


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-23T15:45:27.503. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | First Team Real Estate. Licensed in the State of California, USA.
 
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