701 Crenshaw Boulevard
701 Crenshaw Boulevard
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Description
Village/Hancock Park neighborhood in Los Angeles. This oversized 4
Unit apartment offers a tremendous value add opportunity for an
experienced investor or owner occupier in the area. This 2-story building was built in 1939 with a total size of 6,789 SF,
and consists of (2) 2 Bed/1 Bath units in the back and (2) extremely
large Vacant units in the front that have been split into two bedroom & studio
units that can be used as short & long...701 Crenshaw is located in the highly affluent and desirable Windsor
Village/Hancock Park neighborhood in Los Angeles. This oversized 4
Unit apartment offers a tremendous value add opportunity for an
experienced investor or owner occupier in the area. This 2-story building was built in 1939 with a total size of 6,789 SF,
and consists of (2) 2 Bed/1 Bath units in the back and (2) extremely
large Vacant units in the front that have been split into two bedroom & studio
units that can be used as short & long term rentals. On a big 7,499 SF lot zoned LA-R3, the property is directly next to
the future Crenshaw/Wilshire Metro Purple Line Extension
development. There are total 6 garage parking spaces plus 2 uncovered spaces
with a legal storage room above the rear that is ready to be
converted into one or more ADU’s. Prime Location in Hancock Park near Koreatown, Miracle Mile,
Mid-Wilshire, Beverly Hills, Grove, & Downtown LA. Very low price/sf!
- Listed by Brian Noh • DRE #01438155 • Brokerage DRE #01906449 • Nohco Real Estate • 9493085775
Property Details for 701 Crenshaw Boulevard
Location
Property Details for 701 Crenshaw Boulevard
| Status | Active |
|---|---|
| MLS # | OC24060776 |
| Days on Market | 17 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1939 |
| Lot Size | 0.17 AC / 7,499 SF |
| County | Los Angeles County |
Location
Virtual Tour
Building Information for 701 Crenshaw Boulevard
Payment Calculator
$13,832 per month
30 year fixed, 7.25% Interest
$11,733
$2,099
$0
Property Information for 701 Crenshaw Boulevard
- Tenant Pays: Electricity, Gas, See Remarks, Telephone
- Gross Income: $182,224
- Gross Scheduled Income: $182,224
- Net Operating Income: $129,753
- Gross Multiplier: 11.8
- Cap Rate: 6.0
- Operating Expense: $48,827
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $48,827
- Tax Block: 20
- Tax Tract Number: 0
- Tax Census Tract: 2127.02
- CFD/Mello-Roos Fee: $0
- Tax Lot: 7
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Curbs, Sidewalks, Street Lights
- Appliances: 6 Burner Stove, Disposal, Refrigerator, Water Heater
- Equipment: Gas Dryer Hookup, Refrigerator, Room, Washer Hookup
- Interior Features: Crown Molding
- Room Type: Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, See Remarks
- Bedroom Features: Main Floor Bedroom
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
- Fireplace Features: Living Room, Decorative
- Fireplace Rooms: Decorative, Living Room
- Cooling: See Remarks, Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: Laminate, Tile
- Virtual Tour URL Branded: https://youtu.be/uKkAnlA-mOs
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Exterior: Stucco
- Roof: Composition
- Entry Location: Side
- Fence: Yes
- Fence: Wire
- Fencing: Wire
- Foundation Details: Raised
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 2-5 Units/Acre, 6-10 Units/Acre, Front Yard, Landscaped
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Electric: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Water Source: Public
- Garage Spaces: 6
- Parking: Yes
- Parking Garage: Driveway, Garage
- Uncovered Spaces: 2
- Open Other Spaces Total: 2
- Parking Garage Spaces: 6
- Carport Spaces: 0
- Parking Features: Driveway, Garage
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 3
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 6000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 3
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 6000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,739
- Unit Type Total Rent: $1,739
- Unit Type Pro Forma: 2800
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,247
- Unit Type Total Rent: $1,247
- Unit Type Pro Forma: 2800
- Unit Type Type: 4
- Number Of Units Leased: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
Property History for 701 Crenshaw Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 701 Crenshaw Boulevard
Schools near 701 Crenshaw Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Wilshire Park Elementary School PublicK to 5 | ||
Magnolia Science Academy 6 School Charter6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Nohco Real Estate, Brian Noh, DRE #01438155
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.