Property Detail

Description

2129 Crenshaw Blvd presents an excellent opportunity to acquire a fully occupied 8-unit non Los Angeles rent control apartment building built in 1992 in Arlington Heights, Adjacent to West Adams, and just minutes to Fairfax, Miracle Mile, Beverly Grove, Pico-Robertson, and Downtown. The property is comprised of a 9,520 SF structure on a LAR3-zoned lot on 7,222 land SF. The unit mix consists of (8) 2 bedroom/2 and one-half bathroom townhome-style units with in-unit washer & dryers. The property offers 15 parking stalls in a gated garage. In-place rents average $2,134 while market rents are $2,900, offering investors a 39% upside.