727 Crenshaw BLVD, Los Angeles, CA 90005
727 Crenshaw BLVD, Los Angeles, CA 90005
727 Crenshaw BLVD, Los Angeles, CA 90005
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Monica Franco

Monica Franco

+1(951) 538-6607
$2,050,000
Est. payment /mo
7 Beds
6 Baths
4,138 SqFt
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Open House

Sat Apr 18, 1:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,138 sqft

Price per Sqft $495

MLS Listing ID 26666323

Bedrooms 7

HOA Y/N No

Year Built 1924

Lot Size 7,501 Sqft

Property Description

Fantastic opportunity to acquire a FULLY VACANT 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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Dryer

Laundry In Kitchen

Exterior

Parking Features Door-Single, Garage, Uncovered

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Gated

View Y/N No

View None

Porch Enclosed

Total Parking Spaces 10

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Foundation Raised

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5090032012

Security Features Gated Community

Special Listing Condition Standard

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Listed by Richard Schulman KW Westside Estates #01427211

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Monica Franco

Monica Franco

+1(951) 538-6607

Agent | License ID: 01743095

Agent License ID: 01743095

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