707 - 709 Crenshaw Boulevard, Los Angeles, CA 90005

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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 6.11% cap rate and 9.99 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:114 day(s) ago
  • Updated:January 23, 2026 at 11:37 AM

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
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