Active Open Saturday 07/25 3 PM-7 PM

727 Crenshaw

Los Angeles, CA 90005
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Bed 7

Bed

Bath 6

Bath

SqFt7,502

Sqft(Lot)

Fantastic opportunity to acquire a FULLY Not Rented 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies. In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value. Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,150,000

AD Id : 88281404

MLS Id : SB26157342

Beds : 7

Lot Size : 7,502 Sqft

Year Built : 1924

Garage : 4

County : Los Angeles

Open House Open House

  • 07/25 3 PM-7 PM
  • 07/26 3 PM-7 PM
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Feature Features

  • Interior Features

    Appliances: Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1924
    Building Area Total: 4138
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7502 Lot Size Acres: 0.1722 Lot Size Source: Assessor Lot Size Square Feet: 7,502 Lot Description: TwoToFiveUnitsAcre

  • Listing Price Information

    Listing Price: $2150000
    CashToNewLoan

  • Tax Information

    Parcel Number: 5090032012 Tax Lot: 12 Tax Block: 20

  • Parking Information

    Parking Total: 10 ControlledEntrance, ElectricGate

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: North of Olympic Blvd, South of Wilshire Blvd, in between Highland Ave and Wilton Place. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
851 Crenshaw Boulevard, Los Angeles, CA, 90005 $1,790,000 6 -- --

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ByOwner last updated this listing 07/25/2026 @ 12:29

MLS: SB26157342 LISTED BY: Steve Chung, New Star Realty & Investment 213-385-4989 SOURCE: CRMLS

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