701 Crenshaw Blvd Los Angeles, CA 90005
Miracle Mile NeighborhoodEstimated payment $12,408/month
Highlights
- Wood Flooring
- Main Floor Bedroom
- No HOA
- Wilshire Park Elementary School Rated 9+
- Lawn
- Crown Molding
About This Home
ACTUAL 9.4 GRM / 7.0% CAP RATE! Can Deliver 7 Units Vacant! 701 Crenshaw is located in the highly affluent and desirable
Windsor Village/Hancock Park neighborhood in Los Angeles. This
oversized apartment offers a tremendous investment opportunity
for a first time or experienced investor in the area.
This 2-story building was built in 1939 with a total size of 6,789 SF,
and consists of large units that have been split into (4) 2/1 units
and (4) studios plus a separate (1) studio owner’s unit above the
garage. 7 out of the 9 current units have been lightly remodeled
and can be delivered vacant at close of escrow, or kept as midterm
rentals. There are 6 rear garage + 2 onsite parking spaces, and there is an
opportunity to convert the garages into an ADU as an additional
rental unit. Recent upgrades include updated electrical in progress.
On a big 7,499 SF lot zoned LA-R3, the property is directly next to
the Metro lot with future development plans underway. Prime Location in Hancock Park near Koreatown, Miracle Mile,
Mid-Wilshire, Beverly Hills, Grove, & Downtown LA ... Incredible opportunity to capitalize on the upcoming World Cup and Olympics!
Listing Agent
Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 05/07/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 7,499 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Wrought Iron Fence
- Wire Fence
- Landscaped
- Lawn
- Front Yard
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
- 2 Open Parking Spaces
- Carport
- Parking Available
- Driveway
Home Design
- Apartment
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 6,789 Sq Ft Home
- 2-Story Property
- Crown Molding
- Decorative Fireplace
- Living Room with Fireplace
Kitchen
- Gas Range
- Disposal
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 7 / 20
- Assessor Parcel Number 5090032007
- $1,402 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 9 Units
Building Details
- 9 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $62,018
- Gross Income $201,507
- Net Operating Income $133,930
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,992 | $2,077,921 | $1,662,339 | $415,582 |
| 2024 | $25,664 | $2,037,179 | $1,629,745 | $407,434 |
| 2023 | $25,183 | $1,997,236 | $1,597,790 | $399,446 |
| 2022 | $24,046 | $1,958,075 | $1,566,461 | $391,614 |
| 2021 | $23,729 | $1,919,683 | $1,535,747 | $383,936 |
| 2020 | $17,536 | $1,356,600 | $1,122,000 | $234,600 |
| 2019 | $16,874 | $1,330,000 | $1,100,000 | $230,000 |
| 2018 | $5,659 | $378,742 | $180,102 | $198,640 |
| 2016 | $5,321 | $364,037 | $173,109 | $190,928 |
| 2015 | $5,256 | $358,570 | $170,509 | $188,061 |
| 2014 | $5,335 | $351,547 | $167,169 | $184,378 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2026 06/16/26 | For Sale | $1,900,000 | 0.0% | $280 / Sq Ft |
| 05/27/2026 05/27/26 | Off Market | $1,900,000 | -- | -- |
| 05/07/2026 05/07/26 | For Sale | $1,900,000 | -- | $280 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26099417
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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