701 Crenshaw, Los Angeles, CA 90005
List Price: $1.9M
Listing Status: Active
0Days on Market: 20
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1939
Lot Size: 7,499 sq ft
Garage Spaces: 6
Private Pool: Yes
MLS Number: OC26099417
About This Property
ACTUAL 9.4 GRM / 7.0% 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 World Cup and Olympics!
Listing provided by: Brian Noh DRE #01438155 213-804-7647 brian@nohco.com, Nohco Real Estate
Source: CRMLS, MLS #: OC26099417
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.