Est. cap rate

2.6%

Assumed rent, all units

$9,240/mo

Units

4

Price per unit

$524,975

Est. annual NOI

$55,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

4,087 sqft

Lot size

6,934 sqft

Year built

1922

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

54

MLS #

243980875

About this property

Fully renovated 4-unit investment property offering 4,087 sq ft with 8 bedrooms and 7.5 baths across two separate buildings. The rear structure features two updated 2-bedroom, 2-bath units (approximately 916 sq ft each), while the front building includes a spacious 2-bedroom, 2-bath lower unit (approximately 1,205 sq ft) and a 2-bedroom, 1.5-bath upper unit (approximately 1,050 sq ft). All units have been thoughtfully upgraded with contemporary finishes, refreshed interiors, and updated systems. The property includes four off-street parking spaces and inviting shared outdoor areas that enhance its residential appeal. An exceptional opportunity for investors or owner-users seeking a move-in-ready asset with strong income potential, flexible occupancy options, and future TIC exit possibilities.

Location

1189 Crenshaw

Los Angeles, Los Angeles, CA, 90019