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$2,850,000

Est. payment - /mo

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11 Beds

11 Baths

8,300 SqFt

Active

7815 Crenshaw Blvd Los Angeles, CA 90043

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,300 sqft

Price per Sqft $343

MLS Listing ID 25530205

Bedrooms 11

Year Built 1930

Lot Size 0.437 Acres

Acres 0.437

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAC2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other, Air Conditioning

Equipment Other

Exterior

Parking Features Driveway, Garage - 4+ Car, Garage Is Detached, Gated, Private Garage, Auto Driveway Gate

Garage Spaces 26.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Rodeo Realty - Pacific Palisades

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