10-Bedroom Multifamily
New
For Sale
$1,495,000
702 Crenshaw Blvd, Los Angeles, CA 90005
The vacant, furnished residence features an oversized kitchen and renovated interiors.
Property Size2,691 SF
Lot Size0.24 Acres
Price / SF$555.56
Days on Market3
Property Features for 702 Crenshaw Blvd
General Information
Standard status
Active
Size
2,691 SF
Lot size
0.24 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Additional Details
Furnished
Yes
Cap Rate
9.25%
Public Transit
Yes
Land Use
residential
Multifamily Units
1
Building Details
Building Size
2,691 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Hollywood Hills
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Source:
Rochellemaize
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 12:17PM
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 Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
This 2,691-square-foot multifamily residence contains 10 bedrooms and 5 full bathrooms and is being offered vacant with furnishings in place. Built in 1920, it has vinyl plank flooring, dual-pane windows, central air conditioning, upgraded electrical, copper plumbing, quartz countertops, custom cabinetry, and remodeled bathrooms. The oversized kitchen includes multiple refrigerators. Furniture is also provided in the bedrooms, bathrooms, living room, kitchen, and outdoor areas.
The property occupies an approximately 10,500-square-foot lot zoned LAR3. Potential approaches described for the site include operating the existing residence, considering ADUs or additional units, or pursuing a larger multifamily project. Any use would remain subject to applicable licensing and government requirements. The stated investment metrics are a 9.25% cap rate and an 8.3x GRM.
Located just south of Wilshire Boulevard, the property is near Hancock Park, Koreatown, Larchmont Village, Windsor Square, and Miracle Mile, with access to dining, shopping, employment centers, cultural destinations, and public transportation.
The property occupies an approximately 10,500-square-foot lot zoned LAR3. Potential approaches described for the site include operating the existing residence, considering ADUs or additional units, or pursuing a larger multifamily project. Any use would remain subject to applicable licensing and government requirements. The stated investment metrics are a 9.25% cap rate and an 8.3x GRM.
Located just south of Wilshire Boulevard, the property is near Hancock Park, Koreatown, Larchmont Village, Windsor Square, and Miracle Mile, with access to dining, shopping, employment centers, cultural destinations, and public transportation.
Key Highlights
- 10 bedrooms and 5 full bathrooms in 2,691 square feet
- Approximately 10,500‑square‑foot lot with LAR3 zoning
- Vacant and furnished, including bedrooms, living areas, kitchen, and outdoor spaces
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,759
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The vacant, furnished residence features an oversized kitchen and renovated interiors.
Where is this multifamily property located?
The property is located at 702 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 10 bedrooms and 5 full bathrooms in 2,691 square feet; Approximately 10,500‑square‑foot lot with LAR3 zoning; Vacant and furnished, including bedrooms, living areas, kitchen, and outdoor spaces
