2234 CRENSHAW
New Construction Mid-City
SIX UNIT TOWNHOME COMPLEX W/ PLANS IN HAND FOR ONE ADU CONVERSION
We are pleased to announce a NON-RENT- CONTROLLED and FULLY LEASED, Green Certified and Solar equipped new construction six-unit complex. 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.
Offered At: $4,099,000
Cap Rate: 5.73%
GRM: 12.5
Bldg. Size: 10,110 SF
Unit Mix: (2X 3B/2.5B) (2X 3B/2B) (1X 3B/3B) (1X 4B/3B)
Features: Hot Mid-City location
Non-Rent Controlled and Fully Leased!
Exceptional current rents
Plans in hand for One ADU value add opportunity (Simple garage conversion)
Lowest price per door & per sqft
Separately metered utilities and SOLAR equipped!
Three 2-car garages and one Four car garage
Amazing 1031 exchange option
Submit your offers now!
FULLY LEASED!
NO RENT CONTROL
Below market price tag for a new construction!
Approved plans in hand for one ADU conversion of Four car garage
Low maintenance, stabilized property.
ADU value add Cap rate at 6.35% Outstanding rents! Excellent tenants!
All units separately metered for gas, electric AND water! SOLAR equipped!
Luxury, modern units with open floor plans & bright, cheerful design!
Three 2-car garages and one Four car garage.
Tons of balconies and patio areas.
3 and 4 bedroom units, Highly rentable.
Convienently located in the desirable rental market of Mid-City!
Washer/dryers in each unit!
