3501 Crenshaw Blvd Los Angeles, CA 90016
Auto shops
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Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
For Sale
1 / 10
Contact for pricing
3501 Crenshaw Blvd, Los Angeles, CA 90016
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Estimated value (blended)
$7.45M
Range $6.71M – $8.20M (±10%)
Property ID
US09-7945660
Property summary
AI-generated overview
This exceptional 27,982 sq ft Los Angeles property, located at 3501-3519 Crenshaw Blvd (APN: 5046-001-042, 5046-001-041, 5046-001-029), presents a unique mixed-use development opportunity within the LAC2-2D permitted zoning. Currently planned as a 136-unit residential development (RTI) with commercial space, this Opportunity Zone project offers significant upside potential. Meticulously designed plans include a healthy mix of one, two, and three-bedroom units, along with ample parking for both residential and commercial tenants. The property's ED1 eligibility allows for potential expansion to approximately a 330-unit, seven-story building or a 180-unit, five-story building. Its prime location offers unparalleled walkability, situated steps from two Metro Rail lines (E Line and K Line) and numerous bus routes, providing easy access to major employment hubs in Culver City, Santa Monica, Downtown Los Angeles, and the South Bay. This is a truly remarkable chance to capitalize on a thriving Los Angeles neighborhood and the benefits of an Opportunity Zone designation. The existing plans have been prepared by a reputable architectural firm.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Total area
7,056 SF
Lot
0.32 ac (14,000 SF)
Zoning code
LAC1.5
APN
5046-001-042
UPID
US09-7945660
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Auto Repair Shop
-
Sustainability Organization
-
(Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$7.45M
Owner & transaction history
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
LAC1.5 · Los Angeles, CA
Top alternative use upside
Restaurant
$5.8M
+51.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.45M
Value range
$6.71M – $8.20M
±10% around blend
Estimated value / SF
$1,056 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$6.71M
blend $7.45M
$8.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,056 SF
Lot area
0.32 ac
Year built
1959
Stories
1
APN
5046-001-042
Assessed value
$5,100,000
Annual tax
$62,100
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.19M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.6 mi away · 6,009 SF
9.2 mi away · 6,100 SF
9.9 mi away · 8,188 SF
10.4 mi away · 6,552 SF
14.6 mi away · 5,055 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 315 sales
$544
+94%
County 1322 sales
$463
+128%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,056/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+51%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.50M
Move the market yield to see immediate price impact.
Value / SF
$1,063
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$473k
$9.45M
$6.75M
$5.25M
$525k
$10.50M
$7.50M
$5.83M
$578k
$11.55M
$8.25M
$6.42M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$1.28M
4.8 mi · Jan 2026 · $230/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$62,100
Tax year 2024
Assessed value
$5,100,000
Assessed 2024
Previous assessed
$5,100,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,100,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1959
Heating
NONE
Stories
1
Total area
7,056 SF
Lot
0.32 ac (14,000 SF)
Zoning code
LAC1.5
APN
5046-001-042
UPID
US09-7945660
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1.5 · Los Angeles, CAZoning LAC1.5 · permitted uses
LAC1.5 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC1.5
Jurisdiction
Los Angeles, CA
Recorded code
LAC1.5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LAC1.5 in Los Angeles, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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