730 Crenshaw Boulevard

Los Angeles, CA 90005

$3,130,000
Price
18
Beds
16
Baths
11,208 Sq. Ft.
$279 / Sq. Ft.
11,208
Sq. Ft.
$279
per Sq. Ft.

Description

9.99 GRM . 6.53 CAP (Estimated) on existing income . Nestled in the desirable Wilshire Park neighborhood , this well-located multi-unit property offers an exceptional opportunity for investors. Positioned within walking distance of Hancock Park and Koreatown , with the upscale Miracle Mile neighborhood just a short drive to the west, the location provides excellent access to some of Los Angeles' most vibrant areas. The property has undergone substantial upgrades, including full copper plumbing and...9.99 GRM . 6.53 CAP (Estimated) on existing income . Nestled in the desirable Wilshire Park neighborhood , this well-located multi-unit property offers an exceptional opportunity for investors. Positioned within walking distance of Hancock Park and Koreatown , with the upscale Miracle Mile neighborhood just a short drive to the west, the location provides excellent access to some of Los Angeles' most vibrant areas. The property has undergone substantial upgrades, including full copper plumbing and new vinyl windows. Walking distance to Metro. Huge double lot. Offers are due by monday november 25 at 12pm. All offers should include proof of funds and preapproval letter .

Property Details for 730 Crenshaw Boulevard

Zoning
LAR3
Parcel Number
5092001031
Total Units
16.0
Living Area
11208
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
%3
Lot Size Area
12984
LISTING UPDATED: 11/22/2024 12:01 AM

Property Details for 730 Crenshaw Boulevard

StatusActive
MLS #24-463889
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.30 AC / 12,984 SF
CountyLos Angeles County

Building Information for 730 Crenshaw Boulevard

Stories2Residences-Year Built1954Building Size-Lot Size0.30 AC / 12,984 SF

Property Information for 730 Crenshaw Boulevard

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $313,373
  • Net Operating Income: $204,300.00
  • Gross Income: $313,373
  • Cap Rate: 6.53%
  • Gross Rent Multiplier: $9.99
  • Other Income1: $311,917.00
  • Laundry Income: $90
  • Total Annual Expense: 99672
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2981
  • Lot Size Square Feet: 12984
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Detached
  • Total Parking: 13
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,449.70
  • Unit Actual Rent: $17,397.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,149.30
  • Unit Actual Rent: $8,597.30
  • Unit Projected Rent: $2,495.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $866,380.00
  • Assessed Improvement Percent: 29.41
  • Assessed Land Value: $2,079,324.00
  • Assessed Land Percent: 70.59
  • Assessed Total Value: $2,945,704.00

Property History for 730 Crenshaw Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 730 Crenshaw Boulevard

Taxable ValueLand$2,120,910Additions$886,207Total$3,007,117
Tax Record2024$38,110 ($3,176 / month)
Home Facts
Total Finished SqFt11,208 SqFtAbove Grade Finished SqFt11,208 SqFtLot Size12,981 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN5092-001-031

Schools near 730 Crenshaw Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Wilshire Park Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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730 Crenshaw Boulevard is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on November 14, 2024 by Coldwell Banker Realty, it's currently listed at $3,130,000. It has been on the market for a total of 37 days and was last sold on October 30, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Park Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 730 Crenshaw Boulevard is a 18-bed, 16-bath, 11,208 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Maria Samouha, DRE #01770340

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.