$2,395,000 - 707 - 709 Crenshaw Boulevard, Los Angeles

  • 8Beds
  • 2Baths
  • 6,362SQ. Feet
  • 0.17Acres

Los Angeles Home For Sale

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, residents enjoy excellent access to retail, dining, and major job centers.

Sales Agent

Sam Smith
  • Sam Smith
  • San Clemente Realtor ®
  • Phone: 949-204-5110
  • Cell: 949-204-5110
  • Contact Agent Now

Amenities

  • ParkingGarage
  • GaragesGarage

Essential Information

  • MLS® #25599733
  • Price$2,395,000
  • Bedrooms8
  • Bathrooms2.00
  • Square Footage6,362
  • Acres0.17
  • Year Built1940
  • TypeResidential Income
  • StyleColonial
  • StatusActive
  • Listing AgentTony Azzi
  • Listing OfficeTony Azzi

Interior

  • # of Stories2
  • StoriesTwo

Community Information

  • Address707 - 709 Crenshaw Boulevard
  • AreaC18 - Hancock Park-Wilshire
  • CityLos Angeles
  • CountyLos Angeles
  • Zip Code90005

Additional Information

  • Date ListedSeptember 22nd, 2025
  • Days on Market86
  • ZoningLAR3
  • Short SaleN
  • RE / Bank OwnedN

Price Change History for 707 - 709 Crenshaw Boulevard, Los Angeles, (MLS® #25599733)

Date Details Price Change
Price Reduced (from $2,500,000) $2,395,000 $105,000 (4.20%)

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  • City:
    Los Angeles
  • Price Range:
    $1 - $25,500,000
  • Current Listings:
    1646
  • HOA Dues:
    $0
  • Average Price per Square Foot:
    $457

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Based on information from California Regional Multiple Listing Service, Inc. as of December 17th, 2025 at 6:41pm PST. 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.