6521 S Crenshaw Boulevard — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90043

Investment Figures

Cap rate
7.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 6521 South Crenshaw Boulevard, a 14-unit (12 + 2 ADUs) apartment community located south of Slauson Avenue and west of Western Avenue. Situated on a 10,765-square-foot parcel, the property features a balanced unit mix ranging from studio to three-bedroom units. It is being offered at an attractive 7.34% cap rate and 8.36 GRM, with 27% remaining rental upside through unit renovations. Ongoing investment and development activity throughout South Los Angeles, coupled with the asset’s remaining value-add potential, position 6521 South Crenshaw Boulevard as a compelling opportunity for investors seeking cash flow and long-term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Investment Highlights: • Currently operating at a 7.34% cap rate and 8.36 GRM, with additional rental upside through unit renovations • Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment • Walk Score of 75 ("Very Walkable") — most errands can be accomplished on foot • Ownership recently upgraded the property with a new exterior electrical panel • The property offers a balanced unit mix, ranging from studio to three-bedroom units. • Professionally managed and attentively maintained, offering operational stability from day one

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 7.3% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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