1857 Crenshaw Blvd, Los Angeles, CA 90019

Mar 10

Written By Jake Glaser

Brand New Construction Luxury 6-Unit in Mid City

Download Offering Memorandum

$4,000,000

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$666,667/Unit

$558.82/SF

5.40% Cap Rate

13.91 GRM

Property Highlights

6 brand new construction luxury apartment units in Mid-City built in 2025
Front structure is a SFH style 2-story 4BR/2BA unit
Middle structure is comprised of a 3-story duplex with (1) 4BR/4BA unit and (1) 3BR/3BA unit
Back structure is comprised of (2) 4BR/3BA units and (1) 2BR/3BA attached ADU
Exempt from local rent increase restrictions (Non-RSO)
Each unit is separately metered for gas, electricity, and water (back structures share a water meter and is billed back to the tenants). Solar panels on roof.
Each unit has central heating and air conditioning
High cash-flow building with extremely low expenses
High end finishes attracts high rental demand, property is fully leased out to market rate tenants
Parking available for 11 vehicles

The Opportunity

The Glaser Group is pleased to present 1857 Crenshaw Boulevard, a newly constructed 6-unit luxury multifamily property located in the desirable Mid-City / Arlington Heights neighborhood of Los Angeles. Built in 2025, this fully leased & high cash-flow investment features extremely low operating expenses, modern construction, and exemption from local rent increase restrictions (Non-RSO). The 100% leased property presents an attractive opportunity for 1031 exchange buyers seeking stable income and ease of management at a real 5.40% cap rate Day 1.

The gated property is thoughtfully designed across three separate structures. The front building consists of a two-story single-family home style residence featuring a spacious four-bedroom, two-bathroom layout. The middle structure is a three-story duplex comprised of (1) four-bedroom, four-bathroom unit and (1) three-bedroom, three-bathroom unit. The rear structure includes (2) four-bedroom, three-bathroom units along with a two-bedroom, three-bathroom attached ADU. This diverse mix of large, modern floor plans is designed to attract high-quality tenants seeking space, privacy, and contemporary amenities.

Each unit features central heating and air conditioning, in-unit washer and dryer, and modern open layouts with abundant natural light. Select units include private balconies that enhance indoor-outdoor living. The property is separately metered for gas, electricity, and water, with the rear structure sharing a water meter that is billed back to tenants. Solar panels reduce monthly tenant utility expenses promoting further tenant retention. The property also features parking for 11 vehicles.

The property is currently fully leased to market-rate tenants and benefits from extremely low operating expenses due to its modern construction and efficient building systems.

Located along Crenshaw Boulevard with convenient access to the 10 Freeway, the property sits minutes from Downtown Los Angeles, Koreatown, Culver City, and Hollywood. Residents enjoy easy access to nearby dining, retail, and entertainment options while benefiting from proximity to several major employment centers across Los Angeles.