Sold
Closed
4034 Crenshaw Boulevard
Los Angeles CA, 90008
$5,100,000
$1,366.93 per sqft
Sold
Closed
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
December 5, 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
85
Garage
No
Parking Total
25
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
|---|---|---|
10/3/2024 | Sold | $5,100,000 |
10/1/2024 | Pending | — |
8/29/2024 | Under contract | — |
Listing Contact: 310-331-8552
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Data last updated on 12/5/2024 at 6:21 AM UTC