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We are pleased to present 5107 Crenshaw Blvd, a turnkey six unit apartment style building in the Windsor Hills neighborhood of Los Angeles to market. The front structure consists of a charming Tudor style brick façade four-plex that has was fully renovated in 2024 and two brand new three bed/three bath ADU's were built in the rear of the property. The front four plex consisted of (1) four bed/four bath unit, (1) 3 bed/2 bath unit, and (2) studio units. The two new ADU's consist of (2) three bed/three bath units. Located adjacent to an affluent single family neighborhood, homes one block west on S Victoria Ave sell for at least $1,000,000.The property is currently operating as a short term rental with the front four units fully furnished.Due to the high bedroom/bathroom count and almost every bedroom having an attached bathroom, the property lends itself well to a co-living type of operator. This is a fifteen bed/fourteen bath property- it potentially could be a great fit for a subsidized charitable organization to own to house individuals as part of a shared living program that could move into a brand new building with historic charm walking distance to the Expo line for easy public transit around LA.A private investor could also lease the units to market tenants and with proven projected rents and operate at a 6.5% cap rate and a 10.71 GRM.
Last Updated | 2/12/2025 | Year Built | 1934 |
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Community | Park Hills Heights | County | Los Angeles |
Additional Details
AREA | Park Hills Heights |
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LOT | 10469 sq ft |
LOT DESCRIPTION | Front Yard |
POOL DESCRIPTION | None |
SEWER | Private Sewer |
STORIES | 2 |
TAXES | 33088 |
WATER | Public |
ZONING | LAR4 |
Location
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