1428 S Crescent Heights

Los ANgeles, ca

 

$2,250,000

 
 
 
 

6

UNITS

$484

PRICE/SF

$375,000

PRICE/UNIT

3.48%

CAP

16.98

GRM

4.90%

PRO FORMA CAP

13.49

PRO FORMA GRM
 

LAAA is pleased to present these 6 units located at 1428 S Crescent Heights Boulevard in Los Angeles, California. Built in 1949, the offering sits on 7,501 SF of land with 4,648 SF of rentable area consisting of 5 one-bedroom/one-bathroom and 1 two-bedroom/two-bathroom units. The property features private entrances for all units, gated community-like feel, ample natural light for all units, and great walk-ability. With a Walk Score of 87, the offering sits in one of Los Angeles' premier walk able neighborhoods with premier dining, shopping and entertainment in the Beverly Center just a short drive away. Located just minutes from Beverly Hills and Century City, 1428 S Crescent Heights Boulevard is ideally located in a densely populated, affluent West Los Angeles sub-market. Century City is the most prominent business district in Los Angeles outside of Downtown, and Beverly Hills is an international icon for its concentration of luxury and high-end shops and restaurants. The offering provides a savvy investor the opportunity to own a one of a kind property in a strong and centrally located rental pocket.

 The property also has future redevelopment potential in that a developer has a 7,501 square foot lot, zoned R3 with 75 feet of frontage and a alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city.

 
 
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Glen Scher

Vice President

O: (818) 212-2808

M: (818) 667-6683

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Filip Niculete

Vice President

O: (818) 212-2748

M: (818) 577-9893

Email Now