701 Crenshaw, Los Angeles, CA 90005
- $1,850,000
List Agent Brian Noh () 2138047647 Nohco Real Estate; CoList ()
- List Price
- $1,850,000
- Price Change
- ▼ $50,000 1784148528
- Status
- ACTIVE
- MLS#
- OC26099417
- Year Built
- 1939
- Lot Size
- 7,499
- Lot Location
- 6-10 Units/Acre, Front Yard, Lawn, Landscaped
- Days on Market
- 57
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
$50K PRICE REDUCTION. ACTUAL 9.1 GRM / 7.5% CAP RATE! Can Deliver 7 Units Vacant! 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 owner’s 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 electrical in progress. 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 ... Incredible opportunity to capitalize on the upcoming Olympics!
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Additional Information
- Appliances
- Disposal, Gas Range, Refrigerator, Water Heater, Dryer
- Pool Description
- None
- Fireplace Description
- Decorative, Living Room
- Heat
- Forced Air, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Stucco
- Roof
- Composition
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.