701 Crenshaw, Los Angeles, CA 90005
- $1,850,000
Listing courtesy of Listing Agent: Brian Noh (brian@nohco.com) from Listing Office: Nohco Real Estate.
- List Price
- $1,850,000
- Status
- ACTIVE
- Days on Market
- 9
- MLS#
- OC26180470
- Subtype
- Residential Income
- Year Built
- 1939
- Lot Size
- 7,501
- Acres
- 0.17
- MLS Area Major
- Hancock Park-Wilshire (C18)
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 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 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!
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Additional Information
- Interior Features
- Ceiling Fan(s), Crown Molding
- Flooring
- Laminate, Tile, Wood
- Appliances
- Disposal, Gas Range, Range Hood, Water Heater, Dryer
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition, Shingle
- Pool Type
- None
- Parking Features
- Concrete, Carport, Driveway
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.