707 - 709 Crenshaw

Los Angeles, CA, 90005

For Sale $2,395,000

8beds
6,362sqft
0.17acre

Shen Schulz (310) 980-8809shen@shenrealty.com

707-709 Crenshaw Boulevard is a 13-unit multifamily property located in the desirable Wilshire Park / Mid-Wilshire neighborhood of Los Angeles. Built in 1940, the 6,362 SF Colonial Revival garden-style complex is spread across two buildings and features a strong unit mix of (9) studios and (4) two-bedroom units. The property has undergone over $400,000 in recent renovations, including new electrical, plumbing, structural upgrades, cabinetry, flooring, HVAC, and full cosmetic updates, ensuring long-term durability and reduced capital risk. Units are separately metered for electricity and gas, while the landlord covers only water and trash, keeping operating costs low. Offering a 6.20% cap rate and 9.88 GRM on current income with 28%+ rental upside, the property delivers strong in-place cash flow and room for growth. Ideally located near Hancock Park, Larchmont Village, Koreatown, and Miracle Mile, and steps from the planned Wilshire/Crenshaw joint development and Purple Line Extension, residents enjoy excellent access to retail, dining, and major job centers.

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Listed by:

Tony Azzi with Tony Azzi

707 - 709 Crenshaw is a Residential Income property located in Los Angeles, California, featuring a 0.172 acre lot, 6,362 sqft, 8 bedrooms, MLS #25599733.

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Data last modified: 2025-11-11 20:32:30