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Crenshaw Boulevard Investment Opportunity
For Sale
$2,300,000

1406 Crenshaw Boulevard, Los Angeles, CA 90019

Well-maintained 7-unit apartment building in the Crenshaw Boulevard corridor.

Property SizeContact for details
Days on Market483

Property Features for 1406 Crenshaw Boulevard

General Information

Standard status Active

Building Details

Year Built 1962
Listing Agency: THE REALESTATE GROUP
Listed By: SYLVESTER WILSON JR.
Source: Corcoran
Added: May 10, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 THE REALESTATE GROUP

Investment Insights

Based on property information with market context.

This well-maintained 7-unit apartment building is located in the Crenshaw Boulevard corridor, with proximity to the Mid-Town and Wilshire Shopping District via walking or public transportation. The property features a mix of six one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Most units have been upgraded, and one is currently under renovation. Continued upgrades have been made to the building over the past several years. All units are currently rented and will remain so after the sale. Each unit has an assigned parking space, and there are separate meters for each unit. The property is zoned for LAR3, presenting an investment opportunity.

Key Highlights

  • Investment opportunity in the Crenshaw Boulevard corridor.
  • Well‑maintained 7‑unit apartment building with a mix of unit types.
  • Upgraded units, with one currently under renovation.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,876
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 7-unit apartment building in the Crenshaw Boulevard corridor.
Where is this apartment building located?
The property is located at 1406 Crenshaw Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Investment opportunity in the Crenshaw Boulevard corridor.; Well‑maintained 7‑unit apartment building with a mix of unit types.; Upgraded units, with one currently under renovation.
More about this property
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