727 Crenshaw Boulevard, Los Angeles, CA 90005
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
727 Crenshaw Boulevard,Los Angeles, CA 90005
$2,050,000
- 7 Beds
- 6 Baths
- 4,138 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Mar 2801:00 pm - 04:00 pm
Listed by: richard schulman, aaron gelb
Office: kw westside estates
MLS#:26666323
Source:CRMLS
Price summary
- Price:$2,050,000
- Price per sq. ft.:$495.41
About this home
Fantastic opportunity to acquire a FULLY VACANT 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies.In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value.Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs....
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Home facts
- Year built:1924
- Listing ID #:26666323
- Added:4 day(s) ago
- Updated:March 24, 2026 at 12:06 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Kitchen Description:Dishwasher, Microwave
- Living area:4,138 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
- Central air:Yes
Structure and exterior
- Year built:1924
- Building area:4,138 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Contemporary
- Construction Materials:Stucco
- Exterior Features:Enclosed
- Foundation Description:Raised
- Levels:2 Story
Finances and disclosures
- Price:$2,050,000
- Price per sq. ft.:$495.41
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave
- Laundry features:Dryer, In Kitchen
- Amenities:Ceiling Fans, Gated Community
Parking
- Total parking spaces:10
- Parking description:Door Single, Garage, Uncovered
- Garage:Yes
- Garage spaces:4
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