Mixed-Use Property Near Metro
For Sale
$2,500,000
5908 Crenshaw, Los Angeles, CA 90043
Mixed-use property with commercial and residential units near transportation.
Property Size4,053 SF
Lot Size0.18 Acres
Price / SF$616.83
Days on Market191
Property Features for 5908 Crenshaw
General Information
Standard status
Active
Size
4,053 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
STELLA MACHADO REALTY
(562) 413-0385
Listed By:
STELLA MACHADO · License #00830774
Source:
Corcoran
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 6:11AM
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 STELLA MACHADO REALTY
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity with four commercial units and two residential units. The property is zoned LAC2 and is located within walking distance of the Crenshaw Metro Rail Line. Its location offers convenient access to transportation and schools. A new electric panel has been installed. The property offers potential for development, according to the listing.
Key Highlights
- Mixed‑use property with 4 commercial and 2 residential units for diverse income.
- LAC2 zoning allows for flexible commercial and residential use.
- Walking distance to Crenshaw Metro Rail Line for easy commuting.
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
$94,059
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
3.76%
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%
$1,881,180
$1.9M
Cap Rate 7%
$1,343,700
$1.3M
Cap Rate 9%
$1,045,100
$1.0M
Market Conditions
NOI Build-Up for 4,053 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
$149.8K $36.96/SF
− Vacancy
−$15.4K −$3.81/SF
EGI
$134.4K $33.15/SF
− OpEx
−$40.3K −$9.95/SF
NOI
$94.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,881,180
Cap Rate 7%
$1,343,700
Cap Rate 9%
$1,045,100
Alternative Uses
Best Use
Apartment 5plus
$71.65M
$62.70M – $83.60M
NOI $5,015,807 @ 7.0% cap · market cap 200.63%
Second Best
Retail
$1.34M
$1.18M – $1.57M
NOI $94,059 @ 7.0% cap · market cap 3.76%
Theoretical Best
Multifamily LT 5
$82.11M
$71.85M – $95.80M
NOI $5,747,794 @ 7.0% cap · market cap 229.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,639
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential units near transportation.
Where is this mixed-use property located?
The property is located at 5908 Crenshaw Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use property with 4 commercial and 2 residential units for diverse income.; LAC2 zoning allows for flexible commercial and residential use.; Walking distance to Crenshaw Metro Rail Line for easy commuting.
