$4,400,000

Estimated payment $27,271/month

Total Views 2,416
6 Beds
-- Bath
20,680 Sq Ft
$213 Price per Sq Ft

Highlights

  • 0.38 Acre Lot
  • No HOA
  • Laundry Room

About This Home

Discover Exceptional Investment Potential in Baldwin Hills / Crenshaw.
Rare opportunity to acquire a well-positioned 20-unit apartment complex located in one of Los Angeles’ most rapidly developing neighborhoods. 4723 & 4725 August Street feature two 10-unit low-rise buildings totaling approximately 20,680 sq. ft. on a ±0.38-acre lot. Each building offers a desirable mix of studio-, one-, two-, and three-bedroom units, all separately metered for utilities. Property amenities include gated access, on-site parking, and fully equipped kitchens and heating in every unit. These features support strong tenant retention and stable income. Ideally situated just south of Coliseum Street, the property offers exceptional proximity to Baldwin Hills Crenshaw Plaza, Kenneth Hahn State Recreation Area, and the Destination Crenshaw corridor—a major public and private investment celebrating art, history, and culture. Residents enjoy convenient access to the I-10 and I-105 freeways, the Expo/Crenshaw Metro Line, and LAX, providing easy connectivity throughout Los Angeles. With ongoing neighborhood revitalization, cultural vibrancy, and community pride, Baldwin Hills / Crenshaw stands as one of the city’s most promising multifamily submarkets. Whether for long-term hold or value-add repositioning, 4723 & 4725 August Street presents a compelling opportunity to invest in the growth and transformation of this dynamic area.

Listing Agent

Willie Henderson

Willie Gene Henderson Brokerage Email: willie@williehenderson.com License #01091997 Listed on: 12/12/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • 5030004019

Parking

  • 12 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 20,680 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Unit 1 Bathroom: 0
  • Unit 2 Bathroom: 0
  • Unit 3 Bathroom: 0

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5030004018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $117,919
  • Gross Income $302,551
  • Net Operating Income $215,093

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

12

Listing Details

  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5030004018
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 212.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5030004019
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16552.80
  • Lot Size Acres: 0.3800

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 302551.00
  • Gross Operating Income: 302551.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1.00
  • Lot Size Area: 0.3800 Acres
  • Net Operating Income: 215093.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 20
  • Operating Expense: 1.00
  • Rent Control: Yes
  • Total Expenses: 117919.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 For Sale $4,400,000 -- $213 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25275458

California Regional Multiple Listing Service (CRMLS)