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707-709 Crenshaw Blvd
Los Angeles, CA 90005
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Major Value-Add Opportunity: Create additional studio in main building and build RTI 4 bed/4bath ADU plus almost 30% rental upside remaining
- Property Insurance: Owner has obtained a favorable property insurance premium due to extensive remodeling and upgrade main electrical panel to 400A
- Laundry Provided on-site
- Vacant Units: Two units will be delivered vacant and fully renovated for leasing.
- Great Location: Prime Wilshire Park neighborhood near Larchmont Village
Property Facts
| No. Units | 11 | Building Size | 6,362 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1940/2023 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LAR3 - Residential | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,362 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2023 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Crown Molding
- Hardwood Floors
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $1,282 | - |
| 2+1 | 4 | $1,890 | - |
Property Taxes
| Parcel Number | 5090-032-008 | Improvements Assessment | $703,580 |
| Land Assessment | $1,569,526 | Total Assessment | $2,273,106 |
Property Taxes
Parcel Number
5090-032-008
Land Assessment
$1,569,526
Improvements Assessment
$703,580
Total Assessment
$2,273,106
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