730 Crenshaw Blvd 18BR Hancock Park La
| Website: | https://www.nestseekers.com/5301669 |
|---|---|
| Address: | 730 Crenshaw Blvd LOS ANGELES, CA 90005 |
| Cross street: | Crenshaw Blvd and Wilshire Blvd. |
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 18 BR |
| Bathrooms: | 16 |
| Area: | 12984 sq ft |
| Lot Size: | 0.3 Acres |
Financials
Price:$3,450,000
Description
730 Crenshaw Blvd presents a compelling multifamily investment opportunity in Wilshire Park, one of Koreatown's most desirable residential neighborhoods. Located near the intersection of Crenshaw Boulevard and Wilshire Boulevard, the property benefits from walkable access to Koreatown's dining, retail, and daily amenities, as well as proximity to the LA Metro Purple Line (D Line), which provides direct connectivity to Downtown Los Angeles and Beverly Hills and is planned to extend west to University of California, Los Angeles. The 16-unit property features a highly attractive unit mix of twelve (12) one-bedroom/one-bath units and four (4) two-bedroom/one-bath units, supporting strong rental demand and stable occupancy. Current rents are approximately 22% below market, offering an estimated $73,000 in gross annual income upside through turnover and market rent adjustments. Additionally, the property may offer the ability to add ADUs in the rear pursuant to California Senate Bill 1211, providing future density and income growth potential. Buyer to verify.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Lyon Stahl Investment Real Estate, Inc. | |