701 Crenshaw Los Angeles, CA $ 1,900,000
701 Crenshaw
$ 1,900,000
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701 Crenshaw

Los Angeles, CA, 90005
$ 1,900,000
Baths1.0 Sq 6,789

Monthly Estimate*

$ 11,699

Listed by Nohco Real Estate
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,900,000 with 1 full bath. This 6,789 square foot home was built in 1939 on a lot size of 0.1722.

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!

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1939

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC26099417

Days on Market

7

Features
General
Sewer Public Sewer
Heating Forced Air Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition
Appliances Disposal Gas Range Refrigerator Water Heater Dryer
HOA Fee 0
Garage Spaces 6
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1939
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 201507
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 133930
Operating Expense 62018
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Near corner of Wilshire Blvd & Crenshaw Blvd.
City Los Angeles
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 9
MLS Area C18 - Hancock Park-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 7499
Carport Y/N true
Number of Units Leased 9
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 7
Total Actual Rent 16792
Property Sub Type Additional Apartment
Cap Rate 7
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Interior
Interior Amenities Crown Molding Bedroom on Main Level
Flooring Laminate Tile Vinyl Wood
Fireplace Features Decorative Living Room
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup In Garage Laundry Room
Entry Level 1
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Exterior
Fencing Wrought Iron Wire
Parking Features Carport Driveway Garage Uncovered
Lot Features 6-10 Units/Acre Front Yard Lawn Landscaped
Water Source Public
Total Parking 8
Lot Size Area 7499
Foundation Details Raised
Number of Buildings 1
Building Area Total 6789
Lot Size Acres 0.1722
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
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* Excluded Features
List By
Nohco Real Estate

Broker

brian@nohco.com

Email

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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2026$1,900,000 Listed Price

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701 Crenshaw, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $1,900,000 with 6,789 sqft and a lot size of 0.1722. 701 Crenshaw is a studio with 1.0 baths and was built in 1939. The property's zip code is 90005 which is in Los Angeles, CA