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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5960 Crenshaw Blvd Los Angeles, CA 90043-3040

    • Turn key restaurants
    • 1,236 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2022
    $1,750,000
    Value Estimations
    $1,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7196732
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ms B’s M&M’s soul food / Soul Food Restaurant
    • Y&U Attic Insulation Services / Roofing Contractor / Insulation Materials Store

    Property Details for 5960 Crenshaw Blvd

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    1,236 SF
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    4005-007-024
    APU
    4005007024

    Description

    This exceptional 1,236 square foot single-tenant retail space, located at 5960 Crenshaw Blvd, Los Angeles, CA 90043, presents a rare opportunity for a fast-food or fast-casual restaurant. Situated on the corner of Crenshaw Boulevard and 59th Street, this property boasts a highly visible location directly across from the Crenshaw/LAX Metro Train line, ensuring significant foot and vehicle traffic. The C2-2D-SP zoning allows for a variety of food service uses. The building includes 15 parking spaces for customer convenience. The entire 1,236 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property is situated in a thriving South Los Angeles neighborhood, offering excellent potential for a successful business venture. The property's APN is 4005-007-024 in Los Angeles County. This is a unique chance to establish a presence in a high-traffic area with excellent public transportation access. The property's prime location and drive-thru capability make it an ideal investment for a discerning entrepreneur seeking a high-return opportunity in the Los Angeles market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,745,000
      ML approach
      $1,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,724,000
      Market price range: $309k - $1.72M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.33
    Latitude
    33.986
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,819
    $1,827,840
    $0.00
    $1,827,840
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,295,000
      1,662 SF

      3451 Slauson Ave

      RESTAURANT • 1,662 SF
      3451 Slauson Ave, Los Angeles, CA 90043-2438
      View Details
    • Value Estimation
      $1,580,000
      1,662 SF

      4416 Slauson Ave

      RESTAURANT • 1,662 SF
      4416 Slauson Ave, Los Angeles, CA 90043-2718
      View Details
    • Value Estimation
      $315,000
      3,360 SF

      5446 Crenshaw Blvd

      RESTAURANT • 3,360 SF
      5446 Crenshaw Blvd, Los Angeles, CA 90043-2408
      View Details
    • Value Estimation
      $300,000
      608 SF

      5800 Ww Blvd

      RESTAURANT • 608 SF
      5800 Ww Blvd, Los Angeles, CA 90043-3023
      View Details
    • Value Estimation
      $305,000
      2,909 SF

      3668 Slauson Ave

      RESTAURANT • 2,909 SF
      3668 Slauson Ave, Los Angeles, CA 90043-2931
      View Details
    • Value Estimation
      $420,000
      4,295 SF

      5812 Overhill Dr

      RESTAURANT • 4,295 SF
      5812 Overhill Dr, Los Angeles, CA 90043-2716
      View Details

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      Los Angeles Commercial Property For Sale

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    • $398,000
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      Retail Building Near Transit Corridor

      Two-story retail building in Ladera Heights near upcoming transit.
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    • $95,000

      Established Roofing Business for Sale

      Profitable roofing business with inventory, vehicles, and client list.
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    Similar Nearby for Lease

    • $36 SF/Yr
      3,410 SF

      Crenshaw Blvd Retail Spaces Available

      Prime Los Angeles Retail, Mixed-Use Opportunity
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      View Details
    • Contact for pricing

      Retail Space in Angeles Vista

      Retail space available in proposed grocer-anchored development.
      4401 West Slauson Ave, Los Angeles, CA 90043
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    • $2 SF/Yr
      400 SF

      Refurbished Retail Space Available

      Newly refurbished retail space for rent in Los Angeles.
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      View Details
    • $1.04 SF/Yr
      7,500 SF

      Industrial Buildings with Gated Yards

      Two contiguous buildings suitable for logistics, fleet, or contractor uses.
      6701 11Th Ave, Los Angeles, CA 90043
      View Details
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    Los Angeles, CA 90043-3040
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    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
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