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707 Crenshaw Boulevard

Los Angeles CA 90005

8
13
1
6362 sq. ft.
7499 sq. ft.
Other
Currently for sale - view listing

Overview

707-709 Crenshaw Boulevard is a 13-unit multifamily property located in the desirable Wilshire Park / Mid-Wilshire neighborhood of Los Angeles. Built in 1940, the 6,362 SF Colonial Revival garden-style complex is spread across two buildings and features a strong unit mix of (9) studios and (4) two-bedroom units. The property has undergone over $400,000 in recent renovations, including new electrical, plumbing, structural upgrades, cabinetry, flooring, HVAC, and full cosmetic updates, ensuring long-term durability and reduced capital risk. Units are separately metered for electricity and gas, while the landlord covers only water and trash, keeping operating costs low. Offering a 6.11% cap rate and 9.99 GRM on current income with 28%+ rental upside, the property delivers strong in-place cash flow and room for growth. Ideally located near Hancock Park, Larchmont Village, Koreatown, and Miracle Mile, and steps from the planned Wilshire/Crenshaw joint development and Purple Line Extension, residents enjoy excellent access to retail, dining, and major job centers.

Features

8 bedrooms
13 bathrooms
1 carspace
1 garage space
6362 sq. ft. floor area
7499 sq. ft. lot size
Other

Property history for 707 Crenshaw Boulevard

2021
Sold
$2,100,000
07 Apr 2021 by Josh Kaplan, of Transwestern Property Company West, Inc.
2020
Sold
$1,845,000
02 Oct 2020 by Josh Kaplan, of Transwestern Property Company West, Inc.

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Local market activity for 8 bedroom other properties in Los Angeles

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