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5005 August St
Los Angeles, CA 90008 Crenshaw

$6,995,000 USD

Apartments For Sale • 45,384 SF

Property Details

Property Type Apartments
Total Building Size 45,385 SF
Lot Size 0.57 AC
Building Class C
Year Built 1962
Zoning LAR3

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                Significant Projected Gross Revenue Upside +$140K
                            
                                38 of 44 Units Fully Renovated: +$40K Upside in Rents for Renovating Remaining 6 Units
                            
                                50 Parking Spaces Representing +$45K in Unrealized Income with Zero Additional Capital Required
                            
                                Upgraded Vinyl Windows Throughout; Separately Metered for Gas & Electricity
                            
                                Transit-Oriented: 12-minute Walk to Metro E Line (Santa Monica-DTLA) and Metro K Line (Connecting to LAX & South Bay)
                            
                                Less than 1 Mile from $1.5B in Mixed-Use Development Projects

Amenities

Controlled Access
Courtyard
Laundry Facilities
Pool
Security System
Gated
Heating
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
	15 min	-	8.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	9.3 mi
Transit/Subway	Drive	Walk	Distance
Expo/La Brea (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Farmdale (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	7.4 mi
Bob Hope	32 min	-	14.6 mi
Long Beach (Daugherty Field)	33 min	-	23.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Robert Stepp 310-463-2916 Stepp Commercial - KWPE

5005 August St Los Angeles, CA 90008 Crenshaw