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!
MLS# | OC24060776 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1939 |
Days On Site | 181 |
Listing Provided By | Nohco Real Estate 213-804-7647 | Brian Noh |
SQ Feet | 6,789 |
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Garage | 6 |
Story(s) | 2 |
Units | 4 |
Building(s) | 1 |
Zoning | LAR3 |
Acreage | 0.17 |
Property View | None |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90005 |
Area | C18 Hancock Park Wilshire |
Listing VS Median (in 90005) | |
Price: $2,150,000 low | high Med: $8,910 SqFt: 6,789 low | high Med: 1,731 $ / SqFt: $317 low | high Med: $5 On Site: 181 low | high Med: 175.500000 |