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.
Property Details
Price:
$4,999,999
MLS #:
24398655
Status:
Active Under Contract
Baths:
0
Address:
4034 Crenshaw Boulevard
Type:
Commercial
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jun 3, 2024
State:
CA
ZIP:
90008
Year Built:
2000
Schools
Interior
Heating
Central
Exterior
Parking Spots
25.00
Roof
Flat
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Water Source
Public
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 4120 W Pico Boulevard
Los Angeles, CA$5,750,000
2.55 miles away
- 215 E Washington Boulevard
Los Angeles, CA$5,500,000
4.32 miles away
- 1187 Crenshaw Boulevard
Los Angeles, CA$5,500,000
2.73 miles away
- 1046 S Robertson Boulevard
Los Angeles, CA$5,475,000
4.25 miles away
- 1048 S Los Angeles Street
Los Angeles, CA$5,290,000
4.83 miles away
- 600 S New Hampshire Avenue
Los Angeles, CA$5,250,000
4.33 miles away
- 5131 W Jefferson Boulevard
Los Angeles, CA$5,149,000
1.59 miles away
- 5349 Crenshaw Boulevard
Los Angeles, CA$5,000,000
1.24 miles away
- 4718 Oakwood Avenue
Los Angeles, CA$4,995,000
4.75 miles away
Courtesy of Ingenious Asset Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 4034 Crenshaw Boulevard
Los Angeles, CA
LIGHTBOX-IMAGES