$ 2,050,000
-
$2,050,000
Price -
7
Bed -
6
Bath -
4,138
SqFt
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Open House Times
- Sat. Apr. 04 at 1:00pm to 4:00pm
About the Listing CLW-X83921 - CLW-X80034,CLW-C111196
Fantastic opportunity to acquire a FULLY VACANT 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies.In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value.Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
26666323
Year Built
1924
Total Square Footage
4,138
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Dishwasher, Microwave, Dryer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 10
- Zoning: LAR3
- Roof:
- Others: Stucco,2+ Total Units
- Sewer:
- Parking Features: Door-Single,Garage,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5090032012
- Tax Year: N/A
Payment Calculator
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Questions About..
727 Crenshaw Boulevard Los Angeles, CA 90005
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