4034 Crenshaw Boulevard , Los Angeles, CA 90008
Los Angeles, CA 90008
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.
Details
| MLS# | 24398655 |
|---|---|
| Listing Type | For Sale |
| Building Name | Krispy Kreme |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 2000 |
| Days On Site | 108 |
| Listing Provided By | Ingenious Asset Group, Inc. 310-331-8552 | Vineendra Jain |
Features
| SQ Feet | 3,731 |
|---|---|
| Zoning | LAC2 |
| Acreage | 0.50 |
Market Activity 90008
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90008 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90008) | |
Price: $4,999,999 low | high Med: $1,232,500 SqFt: 3,731 low | high Med: 3,415 $ / SqFt: $1,340 low | high Med: $421 On Site: 108 low | high Med: 191.500000 | |