8-Unit Apartment
1187 Crenshaw BLVD, Los Angeles, CA 90019
For Sale
New
$3,850,000
Townhouse-style residences feature private rooftop decks and loft or mezzanine space.
Property Size6,918 SF
Price / SF$556.52
Days on Market6
Property Features for 1187 Crenshaw BLVD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Chad Pape · License CA #01411814
(949) 394-8971
Source:
Carolinakramer
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
At 1187 Crenshaw Blvd in Los Angeles, this 6,918-square-foot apartment property was built in 2020 and contains eight townhouse-style units. Each residence has an open layout, a loft or mezzanine, and a private rooftop deck. Energy-efficient appliances and other eco-conscious features are included. The property is exempt from state rent control.
The location offers access to Koreatown, Downtown Los Angeles, West Hollywood, Century City, Westwood, Santa Monica, and the Olympic Blvd tech corridor. Freeway access and public transit are nearby.
The location offers access to Koreatown, Downtown Los Angeles, West Hollywood, Century City, Westwood, Santa Monica, and the Olympic Blvd tech corridor. Freeway access and public transit are nearby.
Key Highlights
- Eight townhouse‑style units in a 6,918‑square‑foot property
- Built in 2020
- Private rooftop deck for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,316
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,320
$2.2M
Cap Rate 7%
$1,590,229
$1.6M
Cap Rate 9%
$1,236,844
$1.2M
Market Conditions
NOI Build-Up for 6,918 SF
Gross rent
$220.0K $31.80/SF
− Vacancy
−$17.6K −$2.54/SF
EGI
$202.4K $29.26/SF
− OpEx
−$91.1K −$13.17/SF
NOI
$111.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,320
Cap Rate 7%
$1,590,229
Cap Rate 9%
$1,236,844
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,316 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,184 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Townhouse-style residences feature private rooftop decks and loft or mezzanine space.
Where is this apartment building located?
The property is located at 1187 Crenshaw BLVD Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Eight townhouse‑style units in a 6,918‑square‑foot property; Built in 2020; Private rooftop deck for each residence
