FOR SALE

Multifamily in Hancock Park near Koreatown

Los Angeles, Ca

701 Crenshaw Boulevard, Los Angeles, CA 90010

Property Description

701 Crenshaw is located in the highly affluent and desirable Windsor Village/Hancock Park neighborhood in Los Angeles. This oversized apartment offers a tremendous value add 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 Four large 3/2 units that have been split into (4) 2/1 units and (4) separate studio size units that are currently being used as furnished rentals. 6 out of the 8 current units have been lightly remodeled and will be delivered vacant at close of escrow.

There are total 6 garage parking spaces in the rear with a legal storage room above that is ready to be converted into an ADU as an additional rental unit.

On a big 7,499 SF lot zoned LA-R3, the property is directly next to the future Crenshaw/Wilshire Metro Purple Line Extension development. Prime Location in Hancock Park near Koreatown, Miracle Mile, Mid-Wilshire, Beverly Hills, Grove, & Downtown LA.

Features and Highlights

  • 6 Out of 8 Units Delivered Vacant at COE.
  • Obtain 30yr Fixed Residential Loan.
  • R3 zoning for future development potential.
  • Directly adjacent to Metro Purple Line expansion.
  • Prime Location in Hancock Park near Koreatown, Miracle Mile, Mid-Wilshire, Beverly Hills, Grove, & Downtown LA.

Property Details

  • Price:$2,150,000
  • APN:5090-032-007
  • Units:8
  • Vacancy:25%
  • Building Size:6,789 SF
  • Lot Size:7,499 SF
  • Year Built:1939
  • Zoning:LA-R3
  • MLS:OC24060776

Listing Agent: Brian Noh, CCIM DRE: 01438115

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