$4,500,000 - 1338 Crenshaw Boulevard, Los Angeles

  • 1Baths
  • 0.33Acres

Los Angeles Home Sale

Presenting an exceptional investment opportunity in the heart of Mid City Los Angeles: two side-by-side 20-unit properties, totaling 40 studio units. Offering 15,176 SF of rentable space on a sprawling 14,281 SF lot, this property delivers a strong 5.06% current CAP rate with substantial upside potential, including a 8.63% market CAP and a 6.72 market GRM. The 34% rental upside makes this property a standout for value-add investors. Ideally situated right off Pico Blvd, it provides convenient access to the West Side and Downtown LA, ensuring high tenant demand in this central location. Don't miss this rare opportunity to acquire a prime asset in one of LA’s most central neighborhoods.

Sales Agent

Sam Smith
  • Sam Smith
  • San Clemente Realtor ®
  • Phone: 949-204-5110
  • Cell: 949-204-5110
  • Contact Agent Now

Amenities

  • PoolNone

Additional Information

  • Date ListedFebruary 10th, 2025
  • Days on Market18
  • ZoningLAR3
  • Short SaleN
  • RE / Bank OwnedN

Essential Information

  • MLS® #SB25011258
  • Price$4,500,000
  • Bathrooms1.00
  • Acres0.33
  • Year Built1947
  • TypeResidential Income
  • Sub-TypeApartment
  • StatusClosed
  • Listing AgentBrett Lyon
  • Listing OfficeLyon Stahl Investment Real Estate, Inc.

Exterior

  • Lot DescriptionTwoToFiveUnitsAcre

Community Information

  • Address1338 Crenshaw Boulevard
  • AreaC16 - Mid Los Angeles
  • CityLos Angeles
  • CountyLos Angeles
  • Zip Code90019

Interior

  • # of Stories2

Price Change History for 1338 Crenshaw Boulevard, Los Angeles, (MLS® #SB25011258)

Date Details Price Change
Closed
Pending (from Active)

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  • City:
    Los Angeles
  • Price Range:
    $149,000 - $21,000,000
  • Current Listings:
    1565
  • HOA Dues:
    $0
  • Average Price per Square Foot:
    $436

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Based on information from California Regional Multiple Listing Service, Inc. as of February 8th, 2026 at 8:30pm PST. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.