Under contract
Active Under Contract
4034 Crenshaw Boulevard
Los Angeles CA, 90008
$4,999,999
$1,340.12 per sqft
Under contract
Active Under Contract
3,731 sqft
Commercial
Built in 2000
Listed by Vineendra Jain with Ingenious Asset Group, Inc. 310-207-2288
Trust Sale. No Court confirmation required. Rare opportunity to acquire a prime commercial NNN property on a ground lease in highly sought-after Leimert Park. First time for sale, since subject property was developed in 2001. 21,877 sq. ft. (=0.5 acres) lot, zoned LAC2, on the south-east signalized corner of Crenshaw Blvd. & Martin Luther King Jr. Blvd. Tenant is Krispy Kreme, with current lease term until Oct. 31, 2029. Tenant has 2 additional 5-year options to extend beyond Oct. 2029, with annual CPI increases. Starting CAP rate of 5.00% effective Nov. 1, 2024, when the monthly NNN base rent will be $20,743.32. Annual CPI increases with minimum 2.00% effective Nov. 1, 2025. Seller is an independent Trustee, and cannot make any representations as to the condition, history of the subject property. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.
24398655
MLSⓇ ID
June 3, 2024
Listed
August 29, 2024
Updated
Map
4034 Crenshaw Boulevard
Los Angeles CA, 90008
Interior Features
Total Stories
0
Laundry Description
None
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.5 Acres
Lot Features
Corner Lot, Near Park, Near Public Transit, Rectangular Lot, Street Level
Roof
Flat
Other Property Details
Area Name
PHHT - Park Hills Heights
Days on Market
86
Garage
No
Parking Total
25
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
|---|---|---|
8/29/2024 | Under contract | — |
Listing Contact: 310-331-8552
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/29/2024 at 3:03 PM UTC