707 Crenshaw Blvd, Los Angeles, CA 90005

Property Description

SEE OM IN DOCS SECTION OF LISITNG. 707 Crenshaw Boulevard is a ten-unit classic 1940s vintage apartment building constructed in 1940. The unit mix consists of six guest rooms and four 2bedroom/1bathroom units with preliminary plans and survey for an Accessory Dwelling Unit. The superior location and classic building architecture provide the perfect opportunity for an investor to immediately complete their own renovation plan in the 5 vacant units with significant rental upside remaining in the 5 leased units. All two-bedroom units feature large bedrooms, open kitchens, spacious living room areas, ample storage and closet space, crown molding and significant natural light. One of the two-bedroom units (709 Unit 5) has an updated kitchen, updated bathroom and hardwood flooring throughout. All guest rooms feature open kitchenettes, large living spaces, ample closet and storage space, crown molding and significant natural light. One of the guest rooms (709 Unit 3) has laminate flooring and a partially updated kitchen. Several of the units feature dual access from both the front and rear of the unit. Each unit also features an individual water heater. Current owner will deliver preliminary plans and survey to Buyer for an Accessory Dwelling Unit. Owner will also deliver preliminary plans to convert 2bed+1bath units to 3 bed+2bath units. 5 parking spaces.