Mixed-Use Building in Leimert
For Sale
Contact for pricing
4064 Crenshaw, Los Angeles, CA 90008
Two-story retail/office building near Baldwin Hills Crenshaw Plaza.
Property Size6,578 SF
Price / SF$304.04
Days on Market238
Property Features for 4064 Crenshaw
General Information
Standard status
Active
Size
6,578 SF
Property subtype
Retail
Building Details
Year Built
1948
Listing Agency:
Coldwell Banker Commercial NRT Santa Monica
Listed By:
George Gross · License #01342211
(310) 666-2970
Source:
Crexi
Added: Feb 19
Changed: Oct 1
Last Checked: Oct 14 at 10:37PM
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 Commercial NRT Santa Monica
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers an owner/user opportunity in Leimert Park. The property, suitable for retail and office use, is located directly across the street east of Baldwin Hills Crenshaw Plaza and three blocks north of the new Leimert Park Station (Metro). This location places the project in a high transit-oriented community tier, TOC4. The property size is 6578 square feet.
Key Highlights
- Prime location in the heart of Leimert Park.
- Mixed‑use retail/office building offering owner/user opportunity.
- Located directly across from Baldwin Hills Crenshaw Plaza.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,137
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,740
$3.1M
Cap Rate 7%
$2,230,529
$2.2M
Cap Rate 9%
$1,734,856
$1.7M
Market Conditions
NOI Build-Up for 6,578 SF
Gross rent
$255.8K $38.88/SF
− Vacancy
−$47.6K −$7.23/SF
EGI
$208.2K $31.65/SF
− OpEx
−$52.0K −$7.91/SF
NOI
$156.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,740
Cap Rate 7%
$2,230,529
Cap Rate 9%
$1,734,856
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $156,137 @ 7.0% cap · market cap 7.81%
Second Best
Retail
$2.18M
$1.91M – $2.54M
NOI $152,657 @ 7.0% cap · market cap 7.63%
Theoretical Best
Multifamily LT 5
$133.27M
$116.61M – $155.48M
NOI $9,328,643 @ 7.0% cap · market cap 466.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 90008, CA
33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story retail/office building near Baldwin Hills Crenshaw Plaza.
Where is this mixed-use property located?
The property is located at 4064 Crenshaw Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location in the heart of Leimert Park.; Mixed‑use retail/office building offering owner/user opportunity.; Located directly across from Baldwin Hills Crenshaw Plaza.
