701 Crenshaw,Los Angeles, CA 90005
Los Angeles, CA 90005
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!
Details
| MLS # | OC26180470 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1939 |
| Days On Site | 56 |
| Listing Provided By | Nohco Real Estate | Brian Noh |
Features
| SQ Feet | 6,789 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 1 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Crown Molding |
| Appliances | Disposal, Gas Range, Range Hood, Water Heater, Dryer |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Raised |
| Lot Features | Two To Five Units Acre, Back Yard, Front Yard, Landscaped |
| Fencing | Wire |
Parking
| Parking Features | Concrete, Carport, Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90005 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90005) | |
Price: $1,850,000 low | high Med: $656,750 sqft: 6,789 low | high Med: 1,364 $ / sqft: $272 low | high Med: $483 On site: 56 low | high Med: 30 | |
Market Activity 90005
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90005 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90005) | |
Price: $1,850,000 low | high Med: $656,750 sqft: 6,789 low | high Med: 1,364 $ / sqft: $272 low | high Med: $483 On site: 56 low | high Med: 30 | |
