7801 Crenshaw Boulevard

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Source: California Regional MLS

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CLW-L06074 • CLW-C114714

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 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.

7801 Crenshaw Boulevard, Los Angeles, CA 90043

Market Report for 90043

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