CA > Los Angeles
Los Angeles, CA 90005,707 Crenshaw BLVD
Los Angeles, CA 90005,707 Crenshaw BLVD
Los Angeles, CA 90005,707 Crenshaw BLVD
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$2,500,000
Est. payment /mo
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8 Beds
13 Baths
6,362 SqFt
New

707 Crenshaw BLVD Los Angeles, CA 90005

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,362 sqft

Price per Sqft $392

MLS Listing ID 25599733

Bedrooms 8

HOA Y/N No

Year Built 1940

Lot Size 7,501 Sqft

Property Description

707-709 Crenshaw Boulevard is a 13-unit multifamily property located in the desirable Wilshire Park / Mid-Wilshire neighborhood of Los Angeles. Built in 1940, the 6,362 SF Colonial Revival garden-style complex is spread across two buildings and features a strong unit mix of (9) studios and (4) two-bedroom units. The property has undergone over $400,000 in recent renovations, including new electrical, plumbing, structural upgrades, cabinetry, flooring, HVAC, and full cosmetic updates, ensuring long-term durability and reduced capital risk. Units are separately metered for electricity and gas, while the landlord covers only water and trash, keeping operating costs low. Offering a 5.89% cap rate and 10.3 GRM on current income with 28%+ rental upside, the property delivers strong in-place cash flow and room for growth. Ideally located near Hancock Park, Larchmont Village, Koreatown, and Miracle Mile, and steps from the planned Wilshire/Crenshaw joint development and Purple Line Extension, residents enjoy excellent access to retail, dining, and major job centers.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Garage

Building

Story 2

Entry Level Two

Architectural Style Colonial

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5090032008

Special Listing Condition Standard

CRMLS – RECore
Listed by Tony Azzi Tony Azzi

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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