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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$3,950,000

Est. payment - /mo

21 Beds

19 Baths

7,158 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,158 sqft

Price per Sqft $551

MLS Listing ID 26662613

Bedrooms 21

HOA Y/N No

Year Built 2025

Lot Size 7,657 Sqft

Property Description

1857 Crenshaw Boulevard, a newly constructed 6-unit luxury multifamily property located in the desirable Mid-City / Arlington Heights neighborhood of Los Angeles. Built in 2025, this fully leased & high cash-flow investment features extremely low operating expenses, modern construction, and exemption from local rent increase restrictions (Non-RSO). The 100% leased property presents an attractive opportunity for 1031 exchange buyers seeking stable income and ease of management at a real 5.49% cap rate Day 1. The gated property is thoughtfully designed across three separate structures. The front building consists of a two-story single-family home style residence featuring a spacious four-bedroom, two-bathroom layout. The middle structure is a three-story duplex comprised of (1) four-bedroom, four-bathroom unit and (1) three-bedroom, three-bathroom unit. The rear structure includes (2) four-bedroom, three-bathroom units along with a two-bedroom, three-bathroom attached ADU. This diverse mix of large, modern floor plans is designed to attract high-quality tenants seeking space, privacy, and contemporary amenities. Each unit features central heating and air conditioning, in-unit washer and dryer, and modern open layouts with abundant natural light. Select units include private balconies that enhance indoor-outdoor living. The property is separately metered for gas, electricity, and water, with the rear structure sharing a water meter that is billed back to tenants. Solar panels reduce monthly tenant utility expenses promoting further tenant retention. The property also features parking for 11 vehicles. The property is currently fully leased to market-rate tenants and benefits from extremely low operating expenses due to its modern construction and efficient building systems. Located along Crenshaw Boulevard with convenient access to the 10 Freeway, the property sits minutes from Downtown Los Angeles, Koreatown, Culver City, and Hollywood. Residents enjoy easy access to nearby dining, retail, and entertainment options while benefiting from proximity to several major employment centers across Los Angeles.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher

Exterior

Parking Features Attached Carport, Gated, Private

Total Parking Spaces 11

Building

Story 3

Entry Level Multi/Split

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5071002026

Special Listing Condition Standard

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Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816

NEARBY SCHOOL & BUSINESS

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

1857 Crenshaw BLVD Los Angeles, CA 90019

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others