tomo logo

$4,299,000

Beds
20
sq ft
13,390

2340 Crenshaw Blvd, Los Angeles, CA 90016

2340 Crenshaw Blvd

Los Angeles, CA 90016

  • 336 days on market
    • Price drop $300,000↓
A large, 2-building asset with excellent visibility on one of LA's best-known thoroughfares - with 10s of 1,000s of potential renters driving by daily, vacancies are often filled very quickly. And a good branding opportunity for an operator or management company, as well. A secured-entry, garden-style walkup with plenty of carport parking on the side and in the rear - open spots, as well. Seismic retrofit complete. Your rent roll will get a shot in the arm in early 2024 - 4% scheduled, allowable increase. Part of a 4-Building, 75 unit Portfolio Sale. Available together or separately. The other 3 addresses are as follows:17 units at 1876 Buckingham Rd. 18 units at 1819 Gramercy Pl.20 units at 1554 S. Gramercy Pl.

Details

Property type

Est. home value

$5,296,518

Lot size

0.3022 acres

Price per sq ft

$322

Year built

1964

Price History

04/03/2024
CLAW

CLAW #23323965

Price change
$4,299,000
-6.52%
11/16/2023
CLAW

CLAW #23323965

Listed
$4,599,000
+33.3%
09/25/2016
CLAW

CLAW #16138342

Sold
$3,450,000

Schools & Community

Neighborhood: 

Jefferson Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

First Republic Bank

Loan start date

November 2020

Original loan amount

$2,600,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Commercial

Seller

2340 Crenshaw Llc

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: 09/21/2024 at 7:40 AM

Listing updated: 04/09/2024 at 5:51 PM

Listed by: Brice Head, CBRE, Inc. Phone #: (310) 363-4900

MLS: CLAW #23323965

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