702 Crenshaw Blvd, Los Angeles, CA 90005
702 Crenshaw Blvd, Los Angeles, CA 90005
702 Crenshaw Blvd, Los Angeles, CA 90005
702 Crenshaw Blvd, Los Angeles, CA 90005
702 Crenshaw Blvd, Los Angeles, CA 90005
702 Crenshaw Blvd, Los Angeles, CA 90005
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Shantrece's Assistant

+1(904) 846-3855
$ 1,495,000
Est. payment | /mo

11 Beds

5 Baths

2,691 SqFt

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$ 1,495,000
Est. payment | /mo
Save

11 Beds

5 Baths

2,691 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,691 sqft

Price per Sqft $555

MLS Listing ID 26991251

Bedrooms 11

Year Built 1920

Lot Size 10,491 Sqft

Acres 0.2408

Property Sub-Type Multi-Family

Property Description

We are pleased to present 702 Crenshaw Boulevard, a fully renovated investment and development opportunity delivered 100% vacant, fully furnished, and ready for immediate occupancy. The approximately 2,691-square-foot residence features 10 bedrooms and 5 full bathrooms, making it an excellent candidate for a sober-living facility, co-living operation, supportive or transitional housing, or a room-by-room rental strategy, subject to applicable licensing and governmental requirements. Private rooms in the surrounding area are renting for approximately $1,500 per month. At full occupancy, the property has the potential to generate approximately $15,000 in gross monthly rental income, or $180,000 annually. Its high bedroom count, multiple bathrooms, oversized kitchen, and furnished condition allow an investor or operator to begin leasing with minimal additional setup. The residence has benefited from more than $300,000 in improvements, including vinyl plank flooring, dual-pane windows, central air conditioning, upgraded electrical, copper plumbing, quartz countertops, custom cabinetry, renovated bathrooms, and an oversized kitchen equipped with multiple refrigerators. The bedrooms, bathrooms, living room, kitchen, and outdoor areas are fully furnished. Situated on an oversized approximately 10,500-square-foot LAR3-zoned lot, the property offers significant underlying land value and multiple long-term development possibilities. An investor may elect to operate the existing 10-bedroom residence, explore the addition of ADUs or supplemental units, or pursue a larger ground-up multifamily development. Offered at a 9.25% cap rate and 8.3x GRM, 702 Crenshaw Boulevard represents a compelling investment opportunity. The combination of the large lot, multifamily zoning, existing improvements, and flexible building layout provides an opportunity to generate immediate rental income while evaluating a future development strategy. The iIdeally located just south of Wilshire Boulevard near Hancock Park, Koreatown, Larchmont Village, Windsor Square, and Miracle Mile, the property offers convenient access to dining, shopping, cultural attractions, employment centers, public transportation, and major destinations throughout Central Los Angeles.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Flooring Vinyl Plank, Tile, Other

Equipment Range/Oven, Freezer, Garbage Disposal, Recirculated Exhaust Fan, Refrigerator, Washer, Other, Dryer, Microwave, Ceiling Fan

Exterior

Parking Features Private, Gated, Other

Garage Spaces 20.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Keller Williams Hollywood Hills

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702 Crenshaw Blvd