707 - 709 Crenshaw Boulevard, Los Angeles, CA 90005

Local realty services provided by:ERA North Orange County Real Estate
707 - 709 Crenshaw Boulevard,Los Angeles, CA 90005
$2,395,000
  • 8 Beds
  • 13 Baths
  • 6,362 sq. ft.
  • Multi-family
  • Active
Listed by: tony azzi
Office: tony azzi
MLS#:25599733
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$376.45

About this home

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,

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Home facts

  • Year built:1940
  • Listing ID #:25599733
  • Added:45 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:13
  • Living area:6,362 sq. ft.

Structure and exterior

  • Year built:1940
  • Building area:6,362 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$376.45
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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