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$ 1,850,000
Est. payment | /mo
4 Beds
4 Baths
7,501 Sqft Lot
$ 1,850,000
Est. payment | /mo
4 Beds
4 Baths
7,501 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26180470
Bedrooms 4
Lot Size 7,501 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
701 Crenshaw is located in the highly affluent and desirable Windsor Village/Hancock Park neighborhood in Los Angeles. This oversized apartment offers a tremendous investment opportunity for a first time or experienced investor in the area. This 2-story building was built in 1939 with a total size of 6,789 SF, and consists of large units that have been split into (4) 2/1 units and (4) studios plus a separate (1) studio owners unit above the garage. 7 out of the 9 current units have been lightly remodeled and can be delivered vacant at close of escrow, or kept as midterm rentals. There are 6 rear garage + 2 onsite parking spaces, and there is an opportunity to convert the garages into an ADU as an additional rental unit. Recent upgrades include updated 400amp electrical meters & panels. On a big 7,499 SF lot zoned LA-R3, the property is directly next to the Metro lot with future development plans underway. Prime Location in Hancock Park near Koreatown, Miracle Mile, Mid-Wilshire, Beverly Hills, Grove, & Downtown LA. ACTUAL 9.4 GRM / 7.5% CAP RATE!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Near corner of Wilshire Blvd & Crenshaw Blvd.
Interior
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5090032007
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Brian Noh, DRE#01438155 Nohco Real Estate
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