$1,125,000
$125K PRICE DROP

Estimated payment $6,919/month

Total Views 15,953
-- Bed
-- Bath
3,448 Sq Ft
$326 Price per Sq Ft

Highlights

  • Property is near public transit
  • No HOA
  • 1-Story Property
  • Corner Lot

About This Home

Back on the Marker, APPROVED PLANS FOR 18 UNITS) 7323 Crenshaw Blvd, This corner lot is 8831sf, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located near LAX and Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. Currently the plans are Approved 18 units apartment building with carport, this project will be affordable housing TOC Tier 3. Easy to start building with the older building demolished; possible to build 26 units or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through executive directive 1 if a 100% affordable housing project is pursued. the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include several multi unit projects in the area. just minutes from the new So-Fi Football stadium. The Clipper's new stadium is now under construction.

Listing Agent

Steven Sarahang

Flat Fee Inc. Brokerage Phone: 818-402-4266 License #01386940 Listed on: 01/14/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,477

Year Built

  • Built in 1952

Lot Details

  • 8,831 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Value in Land

Interior Spaces

  • 3,448 Sq Ft Home
  • 1-Story Property

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Phone Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 8903
  • Assessor Parcel Number 4012018001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 18 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,900
  • Operating Expense $3,900

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,477

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Other Phone Description: (818) 402-4266
  • Other Phone Number: 818-402-4266
  • Price Per Unit: 62500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAC2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4012018001
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 326.28

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Laundry: No
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit, Value In Land
  • Lot Size Sq Ft: 8831.00
  • Lot Size Acres: 0.2027

Multi Family

  • Insurance Expense: 3900.00
  • Lot Size Area: 8831.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Rent Control: Yes
  • Total Expenses: 3900.00

Tax Info

  • Tax Census Tract: 2352.02
  • Tax Lot: 1
  • Tax Tract Number: 8903

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,477 $655,726 $348,173 $307,553
2024 $8,477 $642,870 $341,347 $301,523
2023 $8,327 $630,265 $334,654 $295,611
2022 $7,967 $617,908 $328,093 $289,815
2021 $7,855 $605,793 $321,660 $284,133
2019 $7,634 $587,826 $312,120 $275,706
2018 $7,466 $576,300 $306,000 $270,300
2016 $522 $721,222 $466,022 $255,200
2015 $8,989 $710,389 $459,022 $251,367
2014 $784 $696,475 $450,031 $246,444
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 For Sale $1,125,000 0.0% --
05/06/2025 05/06/25 Pending -- -- --
04/02/2025 04/02/25 Price Changed $1,125,000 -10.0% --
01/14/2025 01/14/25 For Sale $1,250,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- North American Title Co Inc
Interfamily Deed Transfer -- North American Title Co Inc
Grant Deed $565,000 North American Title Co Inc
Grant Deed $650,000 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $487,500 Commercial
Previous Owner $10,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25009611

California Regional Multiple Listing Service (CRMLS)

APN: 4012-018-001