$ 1,900,000
-
$1,900,000
Price -
4
Bed -
4
Bath -
6,789
SqFt
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About the Listing OC06391 - OCNOHBRIA
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 Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
OC26099417
Year Built
1939
Total Square Footage
6,789
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Disposal, Gas Range, Refrigerator, Water Heater, Dryer
- Air Cond: Wall/Window Unit(s)
- Heating: Forced Air,Wall Furnace
- Fireplaces: Decorative,Living Room
- Floor: Laminate,Tile,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Crown Molding,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: 6-10 Units/Acre,Front Yard,Lawn,Landscaped,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 8
- Roof: Composition
- Others: Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Carport,Driveway,Garage,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5090032007
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
701 Crenshaw Los Angeles, CA 90005
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