Mixed-Use Property with
For Sale
Contact for pricing
4847 Crenshaw Blvd, Los Angeles, CA 90043
Includes one commercial space, one residential space, and access to the new LAX to Crenshaw Metro Rail Line.
Property Size4,216 SF
Lot Size0.18 Acres
Price / SF$236.01
Days on Market213
Property Features for 4847 Crenshaw Blvd
General Information
Standard status
Active
Size
4,216 SF
Class
C
Lot size
0.18 Acres
Property subtype
Mixed Use, Retail
Zoning
LAC2
Investment Type
Owner/User
Additional Details
Asking Price
$995,000
Amenities
billboards
Building Details
Year Built
1951
Buildings
2
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Kidder Matthews
(213) 225-7223
Listed By:
Casey Lins · License #01902650
Source:
Crexi
Added: Jan 30
Changed: Aug 30
Last Checked: Aug 31 at 12:35AM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This LAC2-zoned mixed-use property contains one commercial space, one residential space, and two billboards within a 4,216-square-foot building. The improvements were constructed in 1951 and occupy a 7,800-square-foot parcel.
The property is positioned along the new LAX to Crenshaw Metro Rail Line, providing transit access toward LAX, USC, DTLA, Culver City, Santa Monica, Venice, and the South Bay. The neighboring properties may also be acquired as an assemblage, combining 10,950 square feet of buildings across 23,396 square feet of LAC2-zoned land.
The property is positioned along the new LAX to Crenshaw Metro Rail Line, providing transit access toward LAX, USC, DTLA, Culver City, Santa Monica, Venice, and the South Bay. The neighboring properties may also be acquired as an assemblage, combining 10,950 square feet of buildings across 23,396 square feet of LAC2-zoned land.
Key Highlights
- 4,216SF mixed‑use building on 7,800SF of land
- One commercial space and one residential space
- Two billboards included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,480
$1.7M
Cap Rate 7%
$1,219,629
$1.2M
Cap Rate 9%
$948,600
$948.6K
Market Conditions
NOI Build-Up for 4,216 SF
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.
Gross rent
$151.8K $36.00/SF
− Vacancy
−$15.2K −$3.60/SF
EGI
$136.6K $32.40/SF
− OpEx
−$51.2K −$12.15/SF
NOI
$85.4K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,480
Cap Rate 7%
$1,219,629
Cap Rate 9%
$948,600
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,841 @ 7.0% cap · market cap 9.83%
Second Best
Mixed Use
$1.22M
$1.07M – $1.42M
NOI $85,374 @ 7.0% cap · market cap 8.58%
Theoretical Best
Multifamily LT 5
$85.41M
$74.74M – $99.65M
NOI $5,978,954 @ 7.0% cap · market cap 600.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes one commercial space, one residential space, and access to the new LAX to Crenshaw Metro Rail Line.
Where is this mixed-use property located?
The property is located at 4847 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,216SF mixed‑use building on 7,800SF of land; One commercial space and one residential space; Two billboards included with the property
