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
Property listed by Rodeo Realty - Pacific Palisades, James Respondek 310-566-4400
Listing Snapshot
Days Online
2
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
Built in 1965, Building area total: 1,680, Levels: One, Living area: 1680, 1 story, 2 buildings
Garage
4 spaces
Income
Gross income: $70,160, Net operating income: $34,809
Lot
0.1153 acres, 5,023 square feet, Size: 5,023
Parking
4 totals parking
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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