Active

701 Crenshaw

Los Angeles, CA 90005
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt6,789

Sqft

SqFt7,499

Sqft(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 84979865

MLS Id : OC26099417

Lot Size : 7,499 Sqft

Living Area Size : 6,789

Year Built : 1939

Garage : 6

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition Interior Features: Crown Molding,Bedroom on Main Level Property Appliances: Disposal,Gas Range,Refrigerator,Water Heater,Dryer Fireplace: Decorative,Living Room Flooring: Laminate,Tile,Vinyl,Wood
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Forced Air,Wall Furnace Has Heating

    Fireplace

    Fireplace Features: Decorative,Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1939 Building Area Total: 6,789 Construction: Stucco Roof: Composition
  • Foundation

    Raised

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    Washer Hookup,In Garage,Laundry Room

    Fencing

    Wrought Iron,Wire

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722
  • Lot Size Source: Assessor Lot Size Square Feet: 7499

  • Listing Price Information

    Original List Price: 1,900,000 Listing Contract Date: 2026-05-07
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5090032007

  • Garage and Parking

    Garage Description: Carport,Driveway,Garage,Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Directions: Near corner of Wilshire Blvd & Crenshaw Blvd. Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire Property SubType: Apartment
  • Building and Construction

    Property Age: 87 Common Walls: 1 Common Wall Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
830 S Hoover Street, Los Angeles, CA, 90005 $2,495,000 6 -- 8,080 8,080 SqFt
2939 Leeward #212, Los Angeles, CA, 90005 $1,199,999 3 3 1,690 1,690 SqFt
681 Shatto Place, Los Angeles, CA, 90005 $5,299,000 -- -- 24,642 24,642 SqFt
2961 W 8th Street, Los Angeles, CA, 90005 $1,250,000 6 2 3,001 3,001 SqFt
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 7,472 SqFt
743 S Berendo Street, Los Angeles, CA, 90005 $3,200,000 12 -- 9,955 9,955 SqFt
836 S Catalina Street, Los Angeles, CA, 90005 $2,250,000 8 -- 5,322 5,322 SqFt
741 S Hobart Boulevard, Los Angeles, CA, 90005 $3,999,000 15 -- 11,230 11,230 SqFt
3951 Ingraham Street, Los Angeles, CA, 90005 $8,500,000 23 -- 21,100 21,100 SqFt
705 S Gramercy Place, Los Angeles, CA, 90005 $1,490,000 6 -- 3,640 3,640 SqFt

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ByOwner last updated this listing 06/19/2026 @ 04:49

MLS: OC26099417 LISTED BY: Brian Noh, Nohco Real Estate 213-804-7647 SOURCE: CRMLS

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