727 Crenshaw Blvd
LOS ANGELES, CA 90005

Property

Ownership: For Sale
Bedrooms: 7 BR
Bathrooms: 6
Area: 7502 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,050,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of KW Westside Estates

727 Crenshaw Blvd 7BR Hancock Park La

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.

Amenities

  • Enclosed

Neighborhood

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.