$ 1,850,000
-
$1,850,000
Price -
4
Bed -
4
Bath -
6,789
SqFt -
0.17
Acre
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About the Listing OC06391 - OCNOHBRIA
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!
Listing Highlights for 701 Crenshaw
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Disposal, Gas Range, Range Hood, Water Heater, Dryer
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces: Decorative
- Floor: Laminate,Tile,Wood
- Basement:
- Other: Ceiling Fan(s),Crown Molding
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Back Yard,Front Yard,Landscaped,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof: Composition,Shingle
- Others: Stucco,2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Concrete,Carport,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5090032007
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
701 Crenshaw Los Angeles, CA 90005
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