$50K PRICE REDUCTION. ACTUAL 9.1 GRM / 7.5% 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 Olympics!
For sale
Listed by: Nohco Real Estate • Brian Noh • Contact: 9493085775
Price cut: $50K (7/15)
$1,850,000
701 Crenshaw Blvd, Los Angeles, CA 90005
8beds
9baths
6,789sqft
:
Get pre-qualified$12,251/mo
Multi Family
Built in 1939
-- sqft lot
$-- Zestimate®
$272/sqft
$-- HOA
What's special
- 54 days |
- 85 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Brian Noh DRE #01438155 9493085775,
Nohco Real Estate
Source: CRMLS,MLS#: OC26099417
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 9
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: Bedroom on Main Level
Heating
- Forced Air, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Disposal, Gas Range, Refrigerator, Water Heater, Dryer
- Laundry: Washer Hookup, In Garage, Laundry Room
Features
- Crown Molding, Bedroom on Main Level
- Flooring: Laminate, Tile, Vinyl, Wood
- Has fireplace: Yes
- Fireplace features: Decorative, Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 6,789
- Total interior livable area: 6,789 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport, Driveway, Garage, Uncovered
- Garage spaces: 6
- Has carport: Yes
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Fencing: Wrought Iron,Wire
Lot
- Size: 7,499 Square Feet
- Features: 6-10 Units/Acre, Front Yard, Lawn, Landscaped
Details
- Parcel number: 5090032007
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised
- Roof: Composition
Condition
- New construction: No
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $2,077,921
- Annual tax amount: $25,992
- Date on market: 5/7/2026
- Cumulative days on market: 54 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
- Total actual rent: 16992
Estimated market value
Not available
Estimated sales range
Not available
$7,281/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Price change | $1,850,000-2.6%$272/sqft |
Source:  CRMLS #OC26099417 Report a problem | ||
| 7/7/2026 | Pending sale | $1,900,000$280/sqft |
Source: CRMLS #OC26099417 Report a problem | ||
| 6/16/2026 | Listed for sale | $1,900,000$280/sqft |
Source: CRMLS #OC26099417 Report a problem | ||
| 5/27/2026 | Listing removed | $1,900,000$280/sqft |
Source: CRMLS #OC26099417 Report a problem | ||
| 5/7/2026 | Listed for sale | $1,900,000+35.7%$280/sqft |
Source: CRMLS #OC26099417 Report a problem | ||
| 1/10/2020 | Sold | $1,400,000+5.3%$206/sqft |
Source: Public Record Report a problem | ||
| 8/29/2018 | Sold | $1,330,000$196/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,992 +1.3% | $2,077,921 +2% |
| 2024 | $25,664 +1.9% | $2,037,179 +2% |
| 2023 | $25,183 +4.7% | $1,997,236 +2% |
| 2022 | $24,046 +1.3% | $1,958,075 +2% |
| 2021 | $23,729 +35.3% | $1,919,683 +41.5% |
| 2020 | $17,536 | $1,356,600 +2% |
| 2019 | $17,536 +209.9% | $1,330,000 +251.2% |
| 2018 | $5,659 | $378,742 +2% |
| 2017 | $5,659 +2.6% | $371,317 +2% |
| 2016 | $5,514 +3.6% | $364,037 +1.5% |
| 2015 | $5,321 -0.3% | $358,570 +2% |
| 2014 | $5,335 | $351,547 +4.5% |
| 2011 | -- | $336,371 +4.6% |
| 2007 | -- | $321,658 +2% |
| 2006 | -- | $315,352 |
| 2005 | -- | $315,352 +4% |
| 2004 | -- | $303,108 +1.9% |
| 2003 | -- | $297,554 +2% |
| 2002 | -- | $291,720 +80.6% |
| 2000 | -- | $161,572 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Mid City
Nearby schools
GreatSchools rating
- 9/10Wilshire Park Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10John Burroughs Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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