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Property profile & analytics
OFF-MARKET Estimated value $1,930,000
Investment properties

4242 Crenshaw Blvd Los Angeles, CA 90008-2566

7,656 SF 0.84 ac lot Built 1941
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0494722
Property summary
AI-generated overview

This exceptional 6,000 square foot medical office building, located at 4242 S Crenshaw Blvd in Los Angeles, CA 90008, presents a unique opportunity for medical professionals seeking flexible and modern space. The property is situated in Los Angeles County and offers multiple tenancy options, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,600 square feet. Currently, the entire 6,000 square feet is vacant, providing an ideal chance to establish a thriving practice or expand an existing one. The building's classification also includes retail and restaurant uses, suggesting a diverse and vibrant surrounding community. This new mixed-use development offers a prime location for medical practices seeking high visibility and accessibility. The building's design is adaptable to various medical specialties, and the available space can be configured to meet specific needs. With its strategic location and versatile layout, this property represents a compelling investment in a growing Los Angeles market. Four individual spaces are available, ranging from 1,000 to 3,400 square feet, allowing for scalability and customization. Interested parties are encouraged to inquire about lease terms and availability.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1941
Total area 7,656 SF
Lot 0.84 ac (36,698 SF)
Zoning code LAC1.5
APN 5024-017-037
UPID US10-0494722
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NCM AUTOMOTIVE Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.39M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.93M
Owner & transaction history
Cbg Richmond Ltd · 6 yrs held
Cbg Richmond Ltd
since 2019
6 recorded transactions
2023
Price N/A
2023
Price N/A
2019
$3.9M
2019
Price N/A
2017
Price N/A
1999
$315,000
Zoning & alternative use
LAC1.5 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.1M +37.1%
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