2454 Crenshaw Blvd, Los Angeles, CA 90016

Building Details

Building Size 4,268 SF More

Year Built 1955 More

Listing Agency: Christopher E. Williams Realty

Listed By: Christopher Williams · License #01068421

Source: Milsteinestates

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 10:21AM

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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 Christopher E. Williams Realty

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,535

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,490,700 $1.5M

Cap Rate 7%

$1,064,786 $1.1M

Cap Rate 9%

$828,167 $828.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,268 SF

Gross rent

$115.2K $27.00/SF

− Vacancy

−$8.8K −$2.05/SF

EGI

$106.5K $24.95/SF

− OpEx

−$31.9K −$7.48/SF

NOI

$74.5K $17.46/SF

Area

Los Angeles County, CA

Vacancy

7.60%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,490,700

Cap Rate 7%

$1,064,786

Cap Rate 9%

$828,167

Alternative Uses

Best Use

Multifamily LT 5

$1.06M

$931.7K – $1.24M (±1% cap)

NOI $74,535 @ 7.0% cap · market cap 4.15%

Second Best

Apartment 5plus

$981.1K

$858.5K – $1.14M (±1% cap)

NOI $68,676 @ 7.0% cap · market cap 3.83%

Theoretical Best

Office A

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,736 @ 7.0% cap · market cap 6.95%

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

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Pharmacy Accounting Firm

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

1,234

Businesses Nearby

Explore this area Business Placement

Demographics for 90016, CA

46,512

Population

19,529

Households

2.4

Avg Household Size

37

Median Age

32%

College-Educated

79%

High-School Grad

3.6 sq mi

ZIP Area

12,920

Density / Sq Mi

$71,067

Median Household Income

$42,292

Median Earnings

$1,729

Median Rent

$919,800

Median Home Value

Market

Average Price Trend$/SF for Quadplexes in Los Angeles, CA

$423 Jul

$416 Aug

$403 Sep

$420 Oct

Properties on Market for Quadplexes in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

Where is this quadplex located?

The property is located at 2454 Crenshaw Blvd Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,795,000.