Crenshaw Blvd Commercial Building For
5471 Crenshaw Los Angeles, CA 90043
5471 Crenshaw, Los Angeles, CA, 90043
$2,985,000
For Sale
$2,985,000
Commercial building on dynamic Crenshaw Blvd corridor, near new Metro.
Property Size5,317 SF
Lot Size0.55 Acres
Price / SF$561.41
Days on Market186
Property Features for 5471 Crenshaw
General Information
- Standard status
- Active
- Size
- 5,317 SF
- Lot size
- 0.55 Acres
- Property subtype
- Land or Vacant Lot
Listing Agency
KIDDER MATHEWS OF CALIFORNIA, INC.
(858) 369-3010
Listed by
CASEY LINS · License #01902650
Source
Corcoran
Added: Jan 14 Checked: Jul 19 at 4:28 am
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.
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.5k | $36.96 |
| − Vacancy | −$4.5k | −$0.85 |
| EGI | $192.0k | $36.11 |
| − OpEx | −$48.0k | −$9.03 |
| NOI | $144.0k | $27.08 |
5,317 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bank of America ATM
Atm
Ritter Garage Door ...
Building Supply
Similar For Sale Nearby
FAQs
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 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.
