7801 Crenshaw Boulevard
Los Angeles, CA 90043
- 1 bed
- – baths
- 1,680 sqft
- 5,023 sqft lot
- $502 per sqft
- 1965 build
- – on site
Offered at $845,000, 7801 Crenshaw Ave is a character-rich, mid-century A-frame four-plex zoned C2-1VL fronting the rapidly transforming Crenshaw Corridor just one block to Metro rapid bus service, under a mile to the K-Line's Hyde Park station and minutes to SoFi Stadium, the Kia Forum, LAX and West Adams. Four spacious 1 Bd/1 Ba units currently leased as a mix of salons and offices (three at $1,295 and one at $1,800) generate $68,220 in scheduled rent and $29,390 NOI for a 3.5 % cap and 12.4 GRM today, with immediate upside as below-market leases roll. The 5,023-sqft C2-1VL corner lot is Tier-2 TOC, unlocking a 40 % density bonus, parking reductions and up to 17 units/1.95 FAR for a future three-story mixed-use or pure multifamily build (buyer to verify). Two roll-up garages offer ADU or EV-parking potential; separately metered power, modest utilities (48 % expense ratio) and proactive maintenance including seismic gas-shutoff valves protect cash flow. At $211k per door / $503/sqft of existing improvements and a sub-$50/sqft dirt basis, this is a rare chance to bank entitled land, hold for appreciation, or redevelop in one of L.A.'s most dynamic submarkets. Delivering cash flow today and blueprint value tomorrow.
Last checked:
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Last updated May 2, 2025
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MLS# CL25530171 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1965
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Building Area Units:Square Feet
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Building Area Total:1680
Room Dimensions
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Living Area:1680
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Living Area Units:Square Feet
Location
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Directions:https://maps.app.goo.gl/xAtwkfFAHaKjSStc6
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Parcel Number:4012023005
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Zoning:LAC2
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Lot Size Area:0.12
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Lot Size Acres:0.12
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Lot Size SqFt:5023
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 488-4400
Beds
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Bedrooms Total:1
The Community
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Association:false
Parking
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Parking Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/25/25
Apr 25, 2025
|
Listed / Active | BRIDGE | $845,000 |
