Nine-Unit Two-Story Apartment
For Sale
$1,850,000
701 Crenshaw, Los Angeles, CA 90005
Two-story apartment building zoned LA-R3 with a mix of two-bedroom and studio layouts, plus onsite parking and garage space.
Property Size6,789 SF
Lot Size0.17 Acres
Price / SF$272.50
Days on Market85
Property Features for 701 Crenshaw
General Information
Standard status
Active
Size
6,789 SF
Total Parking Spaces
8
Lot size
0.17 Acres
Property subtype
Apartment
Zoning
LA-R3
Financials
Cap Rate
7.5%
Gross Rent Multiplier
9.1
Units
Unit Mix
4 x 2/1, 4 x studio, 1 x studio (owner's unit)
Multifamily Units
9
Additional Details
Public Transit
Yes
Building Details
Building Size
6,789 SF
Year Built
1939
Buildings
1
Stories
2
Listing Agency:
Nohco Real Estate
(213) 804-7647
Listed By:
Brian Noh · License #01438155
Source:
Milsteinestates
Added: May 7
Changed: Jul 30
Last Checked: Jul 30 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nohco Real Estate
Investment Insights
Based on property information with market context.
701 Crenshaw is a two-story apartment building built in 1939 on a 7,499 SF lot zoned LA-R3. The property totals 6,789 SF and is configured as nine units: (4) 2/1 units, (4) studios, and a separate studio owner’s unit above the garage. Seven of the nine current units have been lightly remodeled and can be delivered vacant at close of escrow, or kept as midterm rentals.
The building includes 6 rear garage spaces and 2 onsite parking spaces. There is also an opportunity to convert the garages into an ADU for an additional rental unit. Recent upgrades include updated electrical in progress.
As described, the property has an estimated 9.1 GRM and a 7.5% cap rate. The site is directly next to a Metro lot with future development plans underway.
The building includes 6 rear garage spaces and 2 onsite parking spaces. There is also an opportunity to convert the garages into an ADU for an additional rental unit. Recent upgrades include updated electrical in progress.
As described, the property has an estimated 9.1 GRM and a 7.5% cap rate. The site is directly next to a Metro lot with future development plans underway.
Key Highlights
- Two‑story apartment building built in 1939 totaling 6,789 SF
- Nine‑unit mix: four 2/1 units, four studios, and an owner studio above the garage
- Seven units lightly remodeled and can be delivered vacant at close of escrow
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story apartment building zoned LA-R3 with a mix of two-bedroom and studio layouts, plus onsite parking and garage space.
Where is this apartment building located?
The property is located at 701 Crenshaw Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑story apartment building built in 1939 totaling 6,789 SF; Nine‑unit mix: four 2/1 units, four studios, and an owner studio above the garage; Seven units lightly remodeled and can be delivered vacant at close of escrow
