701 Crenshaw, Los Angeles, CA 90005
701 Crenshaw, Los Angeles, CA 90005
701 Crenshaw, Los Angeles, CA 90005
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Nevin Hamilton

Nevin Hamilton

+1(805) 478-2688
$1,850,000
Est. payment /mo
7,501 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26180470

HOA Y/N No

Year Built 1939

Lot Size 7,501 Sqft

Property Sub-Type Apartment

Property 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!

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Interior

Interior Features Ceiling Fan(s), Crown Molding

Heating Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Laminate, Tile, Wood

Fireplaces Type Decorative

Fireplace Yes

Appliance Disposal, Gas Range, Range Hood, Water Heater, Dryer

Laundry Washer Hookup, Gas Dryer Hookup, In Garage, Laundry Room

Exterior

Parking Features Concrete, Carport, Driveway

Carport Spaces 6

Fence Wire

Pool None

Community Features Curbs, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Landscaped

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5090032007

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Brian Noh Nohco Real Estate 9493085775, DRE #01438155

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Nevin Hamilton

License ID: 02230652

+1(805) 478-2688 | nevin.t.hamilton@gmail.com

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