707 Crenshaw

    Los Angeles (City), CA 90005
    • $2,095,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: 20567088
    UPDATED: 38 min ago
    $2,095,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    PRICE REDUCED by $155,000! - Current capitalization rate and GRM assume that vacant Unit 10 (709 #6) will be leased by buyer at market rent. 707 Crenshaw Boulevard is a ten-unit classic 1940s vintage apartment building constructed in 1940. Seller is delivering Unit 10 (709 #6) vacant. The unit mix consists of six studios, four 2bedroom/1bathroom units and one vacant non-conforming bachelor unit. The property is a two-story, 6,362-square-foot walk-up building with wood frame and stucco construction situated on a 7,499-square foot lot. Opportunity to renovate and significantly increase rents. All two-bedroom units feature large bedrooms, open kitchens, spacious living room areas, ample storage and closet space, crown molding and significant natural light. All studio units feature open kitchenettes, large living spaces, ample closet and storage space, crown molding and significant natural light. Parking - four single garage spaces, and one single surface space.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T18:28:30.01. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/104620588

    707 Crenshaw Los Angeles (City), CA 90005

    • Price: $2,095,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20567088
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1940
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    PRICE REDUCED by $155,000! - Current capitalization rate and GRM assume that vacant Unit 10 (709 #6) will be leased by buyer at market rent. 707 Crenshaw Boulevard is a ten-unit classic 1940s vintage apartment building constructed in 1940. Seller is delivering Unit 10 (709 #6) vacant. The unit mix consists of six studios, four 2bedroom/1bathroom units and one vacant non-conforming bachelor unit. The property is a two-story, 6,362-square-foot walk-up building with wood frame and stucco construction situated on a 7,499-square foot lot. Opportunity to renovate and significantly increase rents. All two-bedroom units feature large bedrooms, open kitchens, spacious living room areas, ample storage and closet space, crown molding and significant natural light. All studio units feature open kitchenettes, large living spaces, ample closet and storage space, crown molding and significant natural light. Parking - four single garage spaces, and one single surface space.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Gross Income 141650.00 Gross Multiplier 14.80 Gross Operating Income 141650.00 Net Operating Income 87322.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 54328.00 Zoning Lar3

    Listing provided courtesy of Josh Kaplan of Transwestern Property Company West, Inc. and John Swartz of John Swartz


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T18:28:30.01. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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