701 Crenshaw Blvd Immeuble residentiel 9 lots 1 636 622 € (181 847 €/Lot) Taux de capitalisation 7,05 % Los Angeles, CA 90005

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 electrical in progress.
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.