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$4,222,000

Beds
Unknown
sq ft
Unknown

2234 Crenshaw Blvd, Los Angeles, CA 90016

2234 Crenshaw Blvd

Los Angeles, CA 90016

  • 85 days on market
    • Price drop $77,000↓
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.

Details

Property type

Mixed Use

Est. home value

$3,986,170

Property condition

New Construction

Lot size

7,839 sq ft

Price per sq ft

Unknown

Year built

2024

HOA

No

Price History

12/05/2024
CRMLS

CRMLS #PW24202422

Price change
$4,222,000
-1.79%
11/14/2024
CRMLS

CRMLS #PW24202422

Price change
$4,299,000
-0.6%
10/30/2024
CRMLS

CRMLS #PW24202422

Price change
$4,325,000
-0.57%

Schools & Community

Neighborhood: 

Jefferson Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Genesis Capital Llc

Loan start date

March 2023

Original loan amount

$2,700,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Commercial

Seller

2234Sc Partners Lp

Lender

Genesis Capital Llc

Loan start date

March 2023

Original loan amount

$2,700,000

Est. remaining balance

Not provided

Interest rate

6.09%

Loan type

Commercial

Seller

2234Sc Partners Lp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/24/2024 at 6:10 AM

Listing updated: 12/05/2024 at 7:04 PM

Listed by: Martin Fish, Citivest Realty Services, Inc Phone #: (714) 553-2001

MLS: CRMLS #PW24202422

CRMLS logo

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