701 Crenshaw, Los Angeles, CA 90005

• 4 beds |
• 4 baths

Property Description

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 owners 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 Status:

Active

Date Added:

May 7, 2026

Data Last Updated:

May 20, 2026 at 7:11AM

Listing Office:

Nohco Real Estate : 213-804-7647

Listing Agent:

Brian Noh : 949-308-5775

MLS ID:

OC26099417

Interior

• A/C: Wall/Window
• Heating: Forced Air Unit

Exterior

• Pool: N/K

Construction

• Roofing: Composition
• General: Stucco2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor5090032007

Financial

• Source: California Regional MLS