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$1,850,000

FOR SALE
Active

701 Crenshaw

Los Angeles, CA

MLS# OC26180470

Apartment
65 days on marketNalren refreshed

Listing Agent

Brian Noh

Listing Agent

Nohco Real Estate

DRE #: 01438155

(949) 308-5775

Brokerage: Nohco Real Estate

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1939

Year Built

7,501 sqft

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Apartment

Property Type

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 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!

Facts & Features

Interior

Fireplace
Yes
Laundry Features
Gas Dryer Hookup, In Garage, Laundry Room, Washer Hookup
Appliances
Disposal, Dryer, Gas Range, Range Hood, Water Heater
Flooring
Laminate, Tile, Wood
Interior Features
Ceiling Fans, Crown Molding

Exterior

Private Pool
No
Roof
Composition, Shingle
Fencing
Wire
Lot Features
2–5 Acre Lot, Back Yard, Front Yard, Landscaped

Building

Year Built
1939
Building Area Total
6,789
Levels
Two
Stories Total
2

Utilities

Heating
Wall Furnace
Cooling
Central Air, Wall Window Units
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Features
Carport, Concrete, Driveway
Parking Total
8

Community / HOA

HOA
No
Association Fee
$0

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