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ACTUAL 9.4 GRM / 7.0% CAP RATE! Can Deliver 7 Units Vacant! 701 Crenshaw is located in the highly affluent and desirable Windsor Village/Hancock Park neighborhood in Los Angeles. This oversized apartment offers a tremendous investment opportunity for a first time or experienced investor in the area. This 2-story building was built in 1939 with a total size of 6,789 SF, and consists of large units that have been split into (4) 2/1 units and (4) studios plus a separate (1) studio owner's unit above the garage. 7 out of the 9 current units have been lightly remodeled and can be delivered vacant at close of escrow, or kept as midterm rentals. There are 6 rear garage + 2 onsite parking spaces, and there is an opportunity to convert the garages into an ADU as an additional rental unit. Recent upgrades include updated electrical in progress. On a big 7,499 SF lot zoned LA-R3, the property is directly next to the Metro lot with future development plans underway. Prime Location in Hancock Park near Koreatown, Miracle Mile, Mid-Wilshire, Beverly Hills, Grove, & Downtown LA ... Incredible opportunity to capitalize on the upcoming World Cup and Olympics!
Property Type(s):
Residential Income
| Last Updated | 5/7/2026 | Year Built | 1939 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | Garage Spaces | 6.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Gas Range, Refrigerator, Water Heater |
| AREA | C18 - Hancock Park-Wilshire |
| CONSTRUCTION | Stucco |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air, Wall Furnace |
| INTERIOR | Crown Molding |
| LOT | 7501 sq ft |
| LOT DESCRIPTION | Front Yard, Landscaped |
| LOT DIMENSIONS | 7499 |
| PARKING | Carport, Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
| WATER | Public |
Location
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Listed with Nohco Real Estate
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