727 Crenshaw, Los Angeles, CA 90005
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,150,000
Est. payment /mo
7,501 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26157342

HOA Y/N No

Year Built 1924

Lot Size 7,501 Sqft

Property Sub-Type Quadruplex

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 immediate
leasing potential, strong rental fundamentals, and multiple paths to increase value. Strategically located in the heart of Los Angeles, just minutes
from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dryer

Exterior

Parking Features Controlled Entrance, Electric Gate

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Park, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5090032012

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steve Chung New Star Realty & Investment 323-895-8977, DRE #02126775

NEARBY SCHOOL & BUSINESS

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