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1245 S Crescent Heights Blvd - Crescent Heights Boulevard Apartments 4 Unit Apartment Building Offered at $2,444,400 CAD at a 4.19% Cap Rate Los Angeles, CA 90035
Investment Highlights
- The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units.
- Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood
- Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user
Executive Summary
Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood, featuring unique and charming architecture rarely found in typical multifamily assets. This distinctive property offers both strong in-place income and significant upside potential.
The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units.
Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user:
• Unit A: 2 Bed / 1 Bath (Vacant)
• Unit B: 1 Bed / 1 Bath (Vacant)
The remaining units are currently occupied:
• Unit C: 2 Bed / 1 Bath rented at $2,100/month
• Unit D: 1 Bed / 1 Bath rented at $2,300/month
The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value.
With its irreplaceable architectural character, desirable location, and multiple avenues for upside—including rental increases, unit renovations, and ADU development—this is an ideal opportunity for investors seeking to reposition and maximize returns.
The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units.
Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user:
• Unit A: 2 Bed / 1 Bath (Vacant)
• Unit B: 1 Bed / 1 Bath (Vacant)
The remaining units are currently occupied:
• Unit C: 2 Bed / 1 Bath rented at $2,100/month
• Unit D: 1 Bed / 1 Bath rented at $2,300/month
The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value.
With its irreplaceable architectural character, desirable location, and multiple avenues for upside—including rental increases, unit renovations, and ADU development—this is an ideal opportunity for investors seeking to reposition and maximize returns.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,444,400 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $611,100 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,638 SF |
| Cap Rate | 4.19% | No. Stories | 2 |
| Gross Rent Multiplier | 15.63 | Year Built | 1936 |
| No. Units | 4 | Parking Ratio | 0.86/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | LARD1.5 | ||
| Price | $2,444,400 CAD |
| Price Per Unit | $611,100 CAD |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| Gross Rent Multiplier | 15.63 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.15 AC |
| Building Size | 4,638 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,870 CAD | - |
| 1+1 | 1 | $3,191 CAD | - |
| 2+1 | 1 | $2,852 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5087-015-019 | Improvements Assessment | $1,850,031 CAD |
| Land Assessment | $853,860 CAD | Total Assessment | $2,703,892 CAD |
Property Taxes
Parcel Number
5087-015-019
Land Assessment
$853,860 CAD
Improvements Assessment
$1,850,031 CAD
Total Assessment
$2,703,892 CAD
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1245 S Crescent Heights Blvd - Crescent Heights Boulevard Apartments
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