Crenshaw Blvd Commercial Building For
For Sale
$2,985,000
5471 Crenshaw Boulevard, Los Angeles, CA 90043
Commercial building on dynamic Crenshaw Blvd corridor, near new Metro.
Property Size5,317 SF
Lot Size0.55 Acres
Price / SF$561.41
Days on Market278
Property Features for 5471 Crenshaw Boulevard
General Information
Standard status
Active
Size
5,317 SF
Lot size
0.55 Acres
Property subtype
COMMERCIAL
Building Details
Building Size
5,317 SF
Year Built
1963
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(213) 225-7223
Source:
Truthrealty
Added: Jan 13
Changed: Oct 5
Last Checked: Oct 16 at 3:59PM
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 Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This commercial building offers approximately 5,317 square feet of space and features over 25 parking spaces. It is situated on a 23,979 square foot lot zoned C2-2D, located in a Tier 3 TOC, Opportunity Zone along Crenshaw Boulevard. The property is located one block from the new LAX to Crenshaw Metro Rail Line, providing access to LAX, West Adams, USC, Downtown Los Angeles, Santa Monica, and Culver City. Currently, Bank of America operates 2 ATMs on the property with approximately 2 years remaining on their initial lease term. The Crenshaw corridor is undergoing upgrades, with nearby developments including The Crenshaw Lofts (195 units), 4252 Crenshaw Blvd (111 units), 4827 Crenshaw Blvd (32 units), 5300 Crenshaw Blvd (82 units), 5144 Crenshaw Blvd (78 units), and the $1 Billion redevelopment of the Baldwin Hills Crenshaw Plaza. This property is one of the last few remaining 20,000+ SF sites along the Crenshaw Blvd corridor.
Key Highlights
- Prime location on the dynamic Crenshaw Blvd corridor, a rapidly developing area.
- Situated on 23,979 SF of C2‑2D zoned, Tier 3 TOC, Opportunity Zone land, offering significant investment potential.
- Features a +/-5,317sf commercial building with 25+ parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,997
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,879,940
$2.9M
Cap Rate 7%
$2,057,100
$2.1M
Cap Rate 9%
$1,599,967
$1.6M
Market Conditions
NOI Build-Up for 5,317 SF
Gross rent
$196.5K $36.96/SF
− Vacancy
−$4.5K −$0.85/SF
EGI
$192.0K $36.11/SF
− OpEx
−$48.0K −$9.03/SF
NOI
$144.0K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,879,940
Cap Rate 7%
$2,057,100
Cap Rate 9%
$1,599,967
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $143,997 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$1.76M
$1.54M – $2.06M
NOI $123,393 @ 7.0% cap · market cap 4.13%
Theoretical Best
Multifamily LT 5
$107.72M
$94.25M – $125.67M
NOI $7,540,346 @ 7.0% cap · market cap 252.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Dollar Tree
Shops & Services
22,269 visits/mo
0.5 miles
Fatburger
Dining
11,580 visits/mo
0.2 miles
7-Eleven
Shops & Services
11,009 visits/mo
0.3 miles
Taco Bell
Dining
8,307 visits/mo
0.4 miles
AutoZone
Shops & Services
4,817 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Bank - Commercial building on dynamic Crenshaw Blvd corridor, near new Metro.
Where is this bank located?
The property is located at 5471 Crenshaw Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: Prime location on the dynamic Crenshaw Blvd corridor, a rapidly developing area.; Situated on 23,979 SF of C2‑2D zoned, Tier 3 TOC, Opportunity Zone land, offering significant investment potential.; Features a +/-5,317sf commercial building with 25+ parking spaces.
