7815 Crenshaw Boulevard

Los Angeles, CA 90043

  • 11 Bed(s)
  • 0 Bath(s)
  • 8,300 Sqft
  • 19035
    Sqft(Lot)
$2,850,000

Description

Anchored by a 19,030-sqft c2 / toc-tier 2 opportunity-zone lot .9 miles from fairview heights k-line and 1.5 mi from sofi stadium, intuit dome and kia forum, 7815 crenshaw ave marries reliable cash flow with outsized development upside. family-owned and meticulously cared for more than 30 years, the gated compound features a 1930 spanish eight-plex (all 1bd/1ba) plus one studio and the gated 1993 2,300-sqft 3-bed/3-bath single family residence with 4-car garage in back of parcel generate a scheduled $199,518 noi-ready rent roll, a 14.3 grm and a 3.7% going-in cap rate even before tapping easy levers, with about 31% already guaranteed by section 8. eight additional secure garages and a broad drive aisle invite adu conversions. elevate the eight apartments to hacla's $3k voucher ceiling and re-tenant the sfr at market, and gross income surges to $28k/mo ($336 k/yr), dropping the forward grm below 10 and more than doubling noi before any adu or cosmetic lift. for builders, tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub-$75k land cost per future door and a coveted opportunity-zone timetable for potential capital-gains deferral. for yield buyers, today's numbers already pencil at 14.3 grm and a 3.7 % cap, squarely within the k-line corridor's trading band with clear runway for rapid rent growth. backstopped by crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from lax, silicon beach and usc, this asset is the quintessential "cash-flowing covered land" with three distinct exit ramps, adu infill, voucher-driven rent lifts, or full mixed-use redevelopment each poised to deliver outsized returns.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49517354

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Property Details

  • Bedroom Information

    • Total Bedrooms : 11

    Bathroom Information

    • Total Baths: 11
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1930
    • Building Area Total: 8,300

    Security Features

    • Security Gate

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.437
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19035

  • Listing Price Information

    • Original List Price: 2,850,000
    • Listing Contract Date: 2025-04-25

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4012023007

  • Garage and Parking

    • Garage Description: Driveway,Electric Gate,Gated,Private

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PHHT - Park Hills Heights
    • Directions: https://maps.app.goo.gl/UPHnu3paEAt6h5KC8
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: PHHT - Park Hills Heights

    Building and Construction

    • Property Age: 95
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8300
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/27/2025 @ 21:28

  • MLS: 25530205
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 11 bedrooms which is for sale, it has 8,300 sqft, 19,035 sized lot, and 13 parking. are nearby neighborhoods.