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727 Crenshaw Boulevard, Los Angeles, CA 90005
Priced at Only: $2,050,000
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Address: 727 Crenshaw Boulevard, Los Angeles, CA 90005
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  • MLS#: 26666323 ( )
  • Street Address: 727 Crenshaw Boulevard
  • Viewed: 1
  • Price: $2,050,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 0
  • Days On Market: 26
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90005
  • Provided by: KW Westside Estates
  • Contact: Richard Richard
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Fantastic opportunity to acquire a FULLY VACANT 4 unit rental property in Wilshire Park, primed for immediate income generation and value add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5 bedroom + den residence, ideal for a high income rental, owner user, co living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies.In the rear, two updated 1 bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value.Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.
Features
Appliances
  1. Microwave
  2. Dishwasher
Architectural Style
  1. Contemporary
Building Area Total
  1. 4138.00
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Direction Faces
  1. East
Foundation Details
  1. Raised
Garage Spaces
  1. 4.00
Heating
  1. Central
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. In Kitchen
  2. Dryer Included
Levels
  1. Two
Netoperatingincome
  1. 0.00
Parcel Number
  1. 5090032012
Parking Features
  1. Garage - Single Door
  2. Uncovered
Pool Features
  1. None
Postalcodeplus4
  1. 3625
Security Features
  1. Gated Community
Sourcesystemkey
  1. 26666323:CLAW
Spa Features
  1. None
Totalexpenses
  1. 0.00
Uncovered Spaces
  1. 6.00
View
  1. None
Year Built
  1. 1924
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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