701 Crenshaw Boulevard Los Angeles, CA ^$ 2,150,000

701 Crenshaw Boulevard

^$ 2,150,000

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Recently Listed

701 Crenshaw Boulevard

Los Angeles, CA, 90005

^$ 2,150,000

Bedrooms4 Baths3.0 Sq 6,789

Monthly Estimate*

^$ 14,290

Listed by Nohco Real Estate

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 1

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 2

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701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 4

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 5

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701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 7

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701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 9

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 10

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 11

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 12

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 13

701 Crenshaw Boulevard, Los Angeles, CA 90005 - Image 14

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Multi-Family Home for sale in Los Angeles, CA

for $2,150,000 with 4 bedrooms and 3 full baths. This 6,789 square foot home was built in 1939 on a lot size of 0.1722.

701 Crenshaw is located in the highly affluent and desirable Windsor Village/Hancock Park neighborhood in Los Angeles. This oversized 4 Unit apartment offers a tremendous value add opportunity for an experienced investor or owner occupier in the area. This 2-story building was built in 1939 with a total size of 6,789 SF, and consists of (2) 2 Bed/1 Bath units in the back and (2) extremely large Vacant units in the front that have been split into two bedroom & studio units that can be used as short & long term rentals. 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. There are total 6 garage parking spaces plus 2 uncovered spaces with a legal storage room above the rear that is ready to be converted into one or more ADU’s. Prime Location in Hancock Park near Koreatown, Miracle Mile, Mid-Wilshire, Beverly Hills, Grove, & Downtown LA. VERY LOW PRICE/SF!

Multi-Family Active

Price

^$ 2,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1722

Year Built

1939

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC24060776

Days on Market

Features

General

Interior Features CrownMolding BedroomonMainLevel

Sewer PublicSewer

Heating WallFurnace

Cooling SeeRemarks WallWindowUnits

Utilities CableAvailable ElectricityAvailable NaturalGasAvailable PhoneAvailable SewerAvailable WaterAvailable

Possession CloseOfEscrow ClosePlus SeeRemarks

Roof Composition

Appliances Item6BurnerStove Disposal Refrigerator WaterHeater

Zoning LAR3

Garage Spaces 6.0

Pool Features None

Construction Materials Stucco

Year Built 1939

Tenant Pays Electricity Gas SeeRemarks Telephone

View None

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 182224.0

Community Features Curbs StreetLights Sidewalks

County Los Angeles

Net Operating Income 129753.0

Operating Expense 48827.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Near corner of Wilshire Blvd & Crenshaw Blvd.

City Los Angeles

Entry Location Side

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

Total Units 4

MLS Area C18 - Hancock Park-Wilshire

Lot Size Square Feet 7499.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Crenshaw

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 10

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Virtual Tour https://youtu.be/uKkAnlA-mOs

Property Sub Type Additional Quadruplex

Cap Rate 6.0

Interior

Flooring Laminate Tile

Fireplace Features Decorative LivingRoom

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N Y

Street Suffix Boulevard

Laundry Features WasherHookup GasDryerHookup LaundryRoom

Entry Level 1

Electric On Property Y/N N

Exterior

Fencing Wire

Parking Features Driveway Garage

Lot Features Item25UnitsAcre Item610UnitsAcre FrontYard Landscaped

Water Source Public

Total Parking 8.0

Lot Size Area 7499.0

Foundation Details Raised

Number of Buildings 1

Spa N

Building Area Total 6789.0

Lot Size Acres 0.1722

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 701

* Excluded Features

List By

Nohco Real Estate

Broker

(213) 804-7647

Phone

Affordability Calculator

$14,290

Per Month

Monthly Principal & Interest: $14,290
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,977,410

Percent of Sale Price 8%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$2,150,000		Listed Price

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701 Crenshaw Boulevard, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $2,150,000 with 6,789 sqft and a lot size of 0.1722. 701 Crenshaw Boulevard has 4 bedrooms, 3.0 baths, and was built in 1939. The property's zip code is 90005 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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701 Crenshaw Boulevard

Multi-Family Home for sale in Los Angeles, CA

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