4034 Crenshaw Boulevard

Los Angeles, CA 90008

$4,999,999

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,340 / sqft

2000

calendar_month Built

Property Description

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. Deadline to submit offers is by 5:00pm on Monday, June 24, 2024.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 4034 Crenshaw Boulevard
City Los Angeles
State CA
Zip 90008
County Los Angeles
Listing Agent Vineendra Jain DRE#01413466
Courtesy Of Ingenious Asset Group, Inc.
MLS 24398655
List Price $4,999,999
Status Active
Type Commercial
Structure Size N/A
Lot Size N/A
Year Built 2000
DOM 16

Exterior Information

Maps

Listing information courtesy of: Vineendra Jain, Ingenious Asset Group, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 19th, 2024 at 12:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.