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702 Crenshaw Boulevard

Los Angeles, CA 90005
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Bed 11

Bed

Bath 5

Bath

SqFt2,691

Sqft

SqFt10,491

Sqft(Lot)

We are pleased to present 702 Crenshaw Boulevard, a fully renovated investment and development opportunity delivered 100% vacant, fully furnished, and ready for immediate occupancy. The approximately 2,691-square-foot residence features 10 bedrooms and 5 full bathrooms, making it an excellent candidate for a sober-living facility, co-living operation, supportive or transitional housing, or a room-by-room rental strategy, subject to applicable licensing and governmental requirements. Private rooms in the surrounding area are renting for approximately $1,500 per month. At full occupancy, the property has the potential to generate approximately $15,000 in gross monthly rental income, or $180,000 annually. Its high bedroom count, multiple bathrooms, oversized kitchen, and furnished condition a llow an investor or operator to begin leasing with minimal additional setup. The residence has benefited from more than $300,000 in improvements, including vinyl plank flooring, dual-pane windows, central air conditioning, upgraded electrical, copper plumbing, quartz countertops, custom cabinetry, renovated bathrooms, and an oversized kitchen equipped with multiple refrigerators. The bedrooms, bathrooms, living room, kitchen, and outdoor areas are fully furnished. Situated on an oversized approximately 10,500-square-foot LAR3-zoned lot, the property offers significant underlying land value and multiple long-term development possibilities. An investor may elect to operate the existing 10-bedroom residence, explore the addition of ADUs or supplemental units, or pursue a larger ground-up multifamily development. Offered at a 9.25% cap rate and 8.3x GRM, 702 Crenshaw Boulevard represents a compelling investment opportunity. The combination of the large lot, multifamily zoning, existing improvements, and flexible building layout provides an opportunity to generate immediate rental income while evaluating a future development strategy. The iIdeally located just south of Wilshire Boulevard near Hancock Park, Koreatown, Larchmont Village, Windsor Square, and Miracle Mile, the property offers convenient access to dining, shopping, cultural attractions, employment centers, public transportation, and major destinations throughout Central Los Angeles.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,495,000

AD Id : 91414165

MLS Id : 26991251

Beds : 11

Lot Size : 10,491 Sq. Ft

Living Area Size : 2,691 Sq. Ft

Year Built : 1920

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 11

    Bathroom Information

    Total Baths: 5

    Flooring Information

    Tile
  • Interior Features

    CeilingFans
    Appliances: Disposal, Microwave, Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Central

  • Building Information

    Year Built: 1920
    Building Area Total: 2691
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 75x140 Main Square Feet: 10491 Lot Size Acres: 0.2408 Lot Size Square Feet: 10,491

  • Listing Price Information

    Listing Price: $1495000

  • Tax Information

    Parcel Number: 5092001027

  • Location Information

    Direction: 702 Crenshaw Blvd | Los Angeles, CA 90005
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
830 S Hoover Street, Los Angeles, CA, 90005 $2,450,000 6 10 8,080 6,310 Sq. Ft
681 Shatto Place, Los Angeles, CA, 90005 $5,299,000 1 30 24,642 10,759 Sq. Ft
2961 W 8th Street, Los Angeles, CA, 90005 $1,149,000 6 2 3,001 5,990 Sq. Ft
811 S Vermont Avenue, Los Angeles, CA, 90005 $1,699,000 -- -- 4,676 7,241 Sq. Ft
810 S Berendo Street, Los Angeles, CA, 90005 $4,500,000 30 30 12,747 7,252 Sq. Ft
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 8,702 Sq. Ft
749 S Berendo, Los Angeles, CA, 90005 $1,384,000 1 2 -- 8,997 Sq. Ft
731 Irolo Street, Los Angeles, CA, 90005 $1,625,000 10 10 6,130 6,749 Sq. Ft
869 Irolo Street, Los Angeles, CA, 90005 $1,999,000 4 2 3,214 6,674 Sq. Ft
709 S Kingsley Drive, Los Angeles, CA, 90005 $6,850,000 21 21 11,216 6,758 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/26/2026 @ 02:44

MLS: 26991251 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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