Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3520 Crenshaw Blvd Los Angeles, CA 90016

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3520 Crenshaw Blvd

    Property type
    Land

    Description

    This exceptional 16,438 square foot corner lot at 3520 Crenshaw Boulevard in Los Angeles, CA (zip code 90016), presents a remarkable development opportunity. The property, identified by APN numbers 5044-004-008 and 5044-004-026, is zoned for residential use and is currently designated as "Ready-to-Issue" (RTI). Plans call for a seven-story building encompassing 81 apartment units and three ground-floor retail spaces. The large unit floor plans average over 700 square feet, offering a desirable mix of junior one-bedroom, one-bedroom, two-bedroom, and three-bedroom units. This location benefits from exceptional street exposure and proximity to major transportation arteries. Situated just one block south of the Metro E (Expo) Line station and the new Metro K (Crenshaw) Line, providing convenient access to Downtown Los Angeles, Santa Monica, LAX, SoFi Stadium, Clippers Stadium, and Destination Crenshaw. The site's location within an Opportunity Zone provides significant tax advantages for long-term investors (10+ years). The project also qualifies for Tier 4 Transit-Oriented Communities (TOC) incentives. The asking price for this prime development site is $7,950,000. Parking for 28 vehicles is included in the plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.335
    Latitude
    34.0243

    Comparable in this City

    • Value Estimation by Request

      4120 Jefferson Blvd

      Land
      4120 Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • Value Estimation
      $330,000
      9,668 SF

      2128 Crenshaw Blvd

      APARTMENT HOUSE (5+ UNITS) • 9,668 SF
      2128 Crenshaw Blvd, Los Angeles, CA 90016-1871
      View Details
    • Value Estimation
      $270,000
      8,460 SF

      2326 Ridgeley Dr

      APARTMENT HOUSE (5+ UNITS) • 8,460 SF
      2326 Ridgeley Dr, Los Angeles, CA 90016-2092
      View Details
    • Value Estimation
      $255,000
      6,208 SF

      2750 Sycamore Ave

      APARTMENT HOUSE (5+ UNITS) • 6,208 SF
      2750 Sycamore Ave, Los Angeles, CA 90016-2732
      View Details
    • Value Estimation
      $505,000
      26,734 SF

      3457 La Brea Ave

      APARTMENT HOUSE (5+ UNITS) • 26,734 SF
      3457 La Brea Ave, Los Angeles, CA 90016-5271
      View Details
    • Value Estimation
      $535,000
      26,540 SF

      3501 La Brea Ave

      APARTMENT HOUSE (5+ UNITS) • 26,540 SF
      3501 La Brea Ave, Los Angeles, CA 90016-5275
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Crenshaw Blvd Development Opportunity

      136-Unit RTI Opportunity Zone Project
      3501 Crenshaw Blvd, Los Angeles, CA 90016
      View Details
    • $1,499,000

      Prime LA Commercial Land

      5,490 SF Lot, Many Uses
      4120 Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • $6,900,000

      Land for Sale

      Land available for sale in Los Angeles, CA.
      5338 Smiley Dr, Los Angeles, CA 90016
      View Details
    • $1,900,000
      2,661 SF

      Multifamily Development Opportunity with Income

      Development opportunity with existing income in Los Angeles, California.
      2243 S Ridgeley Dr, Los Angeles, CA 90016
      View Details
    • $2,695,000

      Ready-to-Issue Affordable Housing Development

      48-unit affordable housing development in West Adams, RTI, opportunity zone.
      3444 Hillcrest Rd, Los Angeles, CA 90016
      View Details
    • $1,125,000

      Mid-City Duplex with Pool

      Duplex in vibrant Mid-City with pool and two-car garage.
      2201 S Ridgeley Dr, Los Angeles, CA 90016
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      900 SF

      Top Floor Unit with Garage

      Bright top-floor unit near Culver City with private garage.
      3616 Kalsman Dr, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      159,952 SF

      Development Site Near Culver City

      3.67 acre development site adjacent to Culver City's Hayden Tract.
      6000 W Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      12,700 SF

      West Adams Executive Suites

      Prime LA Office Space, 5 Suites Available
      5181 Adams Blvd, Los Angeles, CA 90016
      View Details
    • $2.00 SF/Yr
      7,352 SF

      Prime LA Creative Office/Warehouse

      7,352 SF Office/Warehouse, 8 Parking Spaces
      5521 Washington Blvd, Los Angeles, CA 90016
      View Details
    • $40 SF/Yr
      56,921 SF

      Jefferson Creative Campus Suites

      Creative Office Space For Lease in LA
      5870-5890 Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • Contact for pricing
      7,048 SF

      Prime LA Retail Space Available

      Four Suites, Newly Renovated, High Ceilings
      4732-4742 Washington Blvd, Los Angeles, CA 90016
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3520 Crenshaw Blvd
    Los Angeles, CA 90016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.