4853 crenshaw blvd
PRICE
BUILDING SIZE
LOS ANGELES, CA 90048
$1,350,000
±4,835 SF
LOT SIZE
±7,800 SF
PRO FORMA CAP RATE
ZONING
YEAR BUILT
8.44%
C2-2D-SP
1947
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4853 Crenshaw Boulevard (the “Property”), a lender-owned mixed-use opportunity prominently situated at the signalized corner of Crenshaw Boulevard and Westmount Avenue in Los Angeles. The Property consists of a ±3,699-square-foot restaurant building fronting Crenshaw Boulevard and a separate ±1,136-square-foot, two-bedroom/one-bath residence at the rear, situated on a ±7,800-square-foot lot. Can be Delivered 100% vacant with clean title and full possession, the offering provides new ownership immediate control of both buildings and the flexibility to occupy, lease, reposition, or redevelop the Property.
The improvements comprise a fully built-out, ±3,699-square-foot restaurant addressed 4853 Crenshaw Boulevard and a separate ±1,136-square-foot, two-bedroom/one-bath residential unit positioned at the rear. The prominent corner site ibenefits from exposure to approximately 44,745 vehicles per day.
The offering is further distinguished by its compelling basis. At approximately $173 per square foot of land—effectively in line with the comparable land-sale average of approximately $174 per square foot—a buyer acquires ±4,835 square feet of existing improvements, a fully built-out restaurant, a separate residential unit, and prominent corner frontage at virtually no premium to underlying land value.
4853 Crenshaw Boulvard can be Delivered 100% vacant, providing immediate flexibility for an investor or owner-user. At projected rents of $2.25 per square foot NNN for the restaurant and $2,500 per month gross for the residential unit, the Property is projected to generate $113,915 in net operating income, equating to an 8.44% pro forma capitalization rate at the $1,350,000 offering price.