731 Crenshaw Boulevard

Los Angeles, CA 90005

$1,325,000
Last Sold Price
8
Beds
5
Baths
3,246 Sq. Ft.
$408 / Sq. Ft.
3,246
Sq. Ft.
$408
per Sq. Ft.

Description

Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The...Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves. Cash offer only.
  1. Listed by Song Hee Chung • DRE #01998484 • Brokerage DRE #01008039 • New Star Realty
  2. Listed by Kye Han • DRE #01932078 • Brokerage DRE #01008039 • New Star Realty

Property Details for 731 Crenshaw Boulevard

Zoning
LAR3
Style
Modern
Parcel Number
5090032013
Total Units
1.0
Living Area
3246
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
3%

Location

Listing Courtesy of New Star Realty, Song Hee Chung, DRE #01998484; New Star Realty, Kye Han, DRE #01932078

Sold By Outside Office, Outside Agent, DRE #1281176

Add your commute
LISTING UPDATED: 12/25/2021 12:15 PM

Property Details for 731 Crenshaw Boulevard

StatusSold
MLS #21-773056
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.17 AC / 7,500 SF
CountyLos Angeles County

Location

Listing Courtesy of New Star Realty, Song Hee Chung, DRE #01998484; New Star Realty, Kye Han, DRE #01932078

Sold By Outside Office, Outside Agent, DRE #1281176

Add your commute

Building Information for 731 Crenshaw Boulevard

Stories2Residences-Year Built1920Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$8,636 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,231

Property Taxes

$1,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 731 Crenshaw Boulevard

Community / Development
Community / Development
  • Number Of Units: 1
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1
  • View: Yes
  • View Description: City
  • View: City Lights
  • Direction Faces: East
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $135,840
  • Net Operating Income: $95,088.00
  • Gross Income: $11,320
  • Cap Rate: 6.34%
  • Gross Rent Multiplier: $11.00
  • Actual Gross Annual Income: $135,840
  • Total Annual Expense: 40752
  • Tax Expense: $18,750
  • Insurance Expense: $2,000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7500
Parking Details
Parking Details
  • Parking Garage: Side By Side, Garage - 2 Car
  • Total Parking: 8
  • Parking Features: Side by Side, Garage - Two Door
Interior Features
Interior Features
  • Rooms: 2nd Story Family Room
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Equipment: Antenna, Dishwasher, Electric Dryer Hookup, Hood Fan, Microwave, Range/Oven
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-16-2021
Unit Details
Unit 1 Information
  • Unit Beds: 16
  • Unit Baths: 8
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $11,320.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $324,360.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,297,440.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,621,800.00

Property History for 731 Crenshaw Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 731 Crenshaw Boulevard

Taxable ValueLand$1,122,000Additions$229,500Total$1,351,500
Tax Record2023$16,864 ($1,405 / month)
Home Facts
Total Finished SqFt3,246 SqFtAbove Grade Finished SqFt3,246 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLAR3CountyLOS ANGELESAPN5090-032-013

Schools near 731 Crenshaw Boulevard

This home is within Los Angeles Unified School District.
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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Star Realty, Song Hee Chung, DRE #01998484; New Star Realty, Kye Han, DRE #01932078

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.