7815 Crenshaw Blvd, Los Angeles, CA 90043 - View 1
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7815 Crenshaw Blvd, Los Angeles, CA 90043

List Price: $2,295,000On Market FlagOn market
Apr 25, 20258,300 sqft11 beds11 baths
Listed by: James Respondek
License #: 00713972
Phone #: 310-488-4400
Rodeo Realty - Pacific Palisades
Source:
CRMLS Logo
MLS #: 25530205

Property Description

Family-owned and meticulously cared for more than 30 years, the gated compound features a 1930 Spanish nine-plex (8 1bd/1ba plus one studio) and the separately gated 1993 2,300-sqft 3-bed/3-bath Single Family Residence with 4-car garage in back of parcel generate a scheduled $199,518 NOI-ready rent roll. Eight additional secure garages and a broad drive aisle invite ADU conversions. The 19,030-sqft C2 / TOC-Tier 2 Opportunity-Zone lot provides outsized development upside just .9 miles from Fairview Heights K-Line and 1.5 mi from SoFi Stadium, Intuit Dome and Kia Forum. Tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub-$75k land cost per future door and a coveted Opportunity-Zone timetable for potential capital-gains deferral. Backstopped by Crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from LAX, Silicon Beach and USC, this asset is the quintessential "cash-flowing covered land" with three distinct exit ramps, ADU infill, voucher-driven rent lifts, or full mixed-use redevelopment each poised to deliver outsized returns.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

-$12,879

TurboHome Estimated Value

$718,200

$87 sqft

High Valuation
$754,110
$91/sqft
Normal Valuation
$718,200
$87/sqft
Low Valuation
$682,290
$82/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$87/sqft$718,200

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