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Listed by Steve Chung, DRE #02126775 • New Star Realty & Investment
$2,150,000
Est. payment /mo
7,502 Sqft Lot
New
727 Crenshaw Los Angeles, CA 90005
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26157342
Year Built 1924
Lot Size 7,502 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Fantastic opportunity to acquire a FULLY Not Rented 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies. In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with i
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Dryer
Exterior
Parking Features Gate / Door Opener
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 5090032012
Special Listing Condition Not Applicable
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