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$4,999,999
50 Days Online

4034 Crenshaw Boulevard
Los Angeles, CA 90008

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
3,731
SqFt
$1,340
/SqFt
2000
Built
County:
Los Angeles
Listed by Vineendra Jain of Ingenious Asset Group, Inc.

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4034 Crenshaw Boulevard4034 Crenshaw Boulevard4034 Crenshaw Boulevard4034 Crenshaw Boulevard
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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. Deadline to submit offers is by 5:00pm on Monday, June 24, 2024.

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Listing Snapshot
Price 
$4,999,999
Days Online 
50 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,731 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5022 Acres
Year Built 
2000
MLS® Number 
24398655
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
2 months agoListing first seen online
General Features
Parking Spaces 
25
Number of Stories 
0
Acreage 
0.5022
Water 
Public
Security 
Carbon Monoxide DetectorsSmoke Detectors
Zoning 
LAC2
Listing Conditions 
Standard
Interior Features
Heating 
Central
Laundry Features 
None
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Exterior Features
Roof 
Flat
Lot 
Corner LotNear ParkNear Public TransitRectangular LotStreet Level
Community Features
Association Dues 
0
Community Features 
Park
MLS Area 
PHHT - Park Hills Heights
Security Features 
Carbon Monoxide DetectorsSmoke Detectors


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. The 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.

Neighborhood & Commute
Source: Walkscore
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