Offered at $845,000, 7801 Crenshaw Ave is a character-rich, mid-century A-frame four-plex zoned C2-1VL fronting the rapidly transforming Crenshaw Corridor just one block to Metro rapid bus service, under a mile to the K-Line's Hyde Park station and minutes to SoFi Stadium, the Kia Forum, LAX and West Adams. Four… Read More spacious 1 Bd/1 Ba units currently leased as a mix of salons and offices (three at $1,295 and one at $1,800) generate $68,220 in scheduled rent and $29,390 NOI for a 3.5 % cap and 12.4 GRM today, with immediate upside as below-market leases roll. The 5,023-sqft C2-1VL corner lot is Tier-2 TOC, unlocking a 40 % density bonus, parking reductions and up to 17 units/1.95 FAR for a future three-story mixed-use or pure multifamily build (buyer to verify). Two roll-up garages offer ADU or EV-parking potential; separately metered power, modest utilities (48 % expense ratio) and proactive maintenance including seismic gas-shutoff valves protect cash flow. At $211k per door / $503/sqft of existing improvements and a sub-$50/sqft dirt basis, this is a rare chance to bank entitled land, hold for appreciation, or redevelop in one of L.A.'s most dynamic submarkets. Delivering cash flow today and blueprint value tomorrow. Read Less
Courtesy of Rodeo Realty - Pacific Palisades 310-566-4400
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,680
Lot Size
0.12 Acres
Year Built
1965
MLS Number
25530171
Additional Details
Building
1,680 sq ft, Built in 1965, Levels: One
Cooling
Window Unit(s)
Garage
4 total garage spaces, Garage - 4+ Car, Garage Is Detached
Lot
LotAcreage: 0.1153, LotSizeArea: 5,023
Parking
CoveredParking: 4, TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LAC2
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