Restaurant Redevelopment
5026 Crenshaw Boulevard Los Angeles, CA 90043
5026 Crenshaw Boulevard, Los Angeles, CA, 90043
$995,900
For Sale
$995,900
For-sale lot previously used as a restaurant, available for redevelopment consideration.
Property Size2,932 SF
Price / SF$339.67
Days on Market860
Property Features for 5026 Crenshaw Boulevard
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1920
Listing agency
T N G Real Estate Consultants
(714) 243-0034
Listed by
Marie Ojeda · License #01093554
(714) 243-0034
Source
Compass
Added: Mar 14, 2024 Updated: Jul 21 at 3:12AM Checked: Jul 21 at 3:12AM
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 T N G Real Estate Consultants
Investment Insights
Based on property information with market context.
This for-sale commercial lot was previously used as a restaurant and is being marketed for redevelopment. The property offers an existing restaurant site configuration and may be suited for buyers looking to repurpose the location for a new concept or development.
The property is located at 5026 Crenshaw Boulevard, Los Angeles, CA 90043. The listing does not specify additional improvements, tenant status, or current operating features beyond the prior restaurant use.
The property is located at 5026 Crenshaw Boulevard, Los Angeles, CA 90043. The listing does not specify additional improvements, tenant status, or current operating features beyond the prior restaurant use.
Key Highlights
- 1920‑built property on a lot previously used as a restaurant
- For‑sale lot available for redevelopment consideration
- Previously operating as a restaurant, offering redevelopment opportunities
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.4k | $36.96 |
| − Vacancy | −$2.5k | −$0.85 |
| EGI | $105.9k | $36.11 |
| − OpEx | −$26.5k | −$9.03 |
| NOI | $79.4k | $27.08 |
2,932 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$992.6K – $1.32M
NOI $79,406 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.40M
$51.98M – $69.30M
NOI $4,158,039 @ 7.0% cap · market cap 417.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For-sale lot previously used as a restaurant, available for redevelopment consideration.
Where is this conventional restaurant located?
The property is located at 5026 Crenshaw Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,900.
What are key features of this property?
This property features: 1920‑built property on a lot previously used as a restaurant; For‑sale lot available for redevelopment consideration; Previously operating as a restaurant, offering redevelopment opportunities
