Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
$3,450,000
730 Crenshaw Blvd presents a compelling multifamily investment opportunity in Wilshire Park, one of Koreatown's most desirable residential neighborhoods. Located near the intersection of Crenshaw Boulevard and Wilshire Boulevard, the property benefits from walkable access to Koreatown's dining, retail, and daily amenities, as well as proximity to the LA Metro… Read More Purple Line (D Line), which provides direct connectivity to Downtown Los Angeles and Beverly Hills and is planned to extend west to University of California, Los Angeles. The 16-unit property features a highly attractive unit mix of twelve (12) one-bedroom/one-bath units and four (4) two-bedroom/one-bath units, supporting strong rental demand and stable occupancy. Current rents are approximately 22% below market, offering an estimated $73,000 in gross annual income upside through turnover and market rent adjustments. Additionally, the property may offer the ability to add ADUs in the rear pursuant to California Senate Bill 1211, providing future density and income growth potential. Buyer to verify. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
18
Square Ft.
11,208
Lot Size
0.3 Acres
Year Built
1954
MLS Number
26653783
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1954, Living area: 11208.0, 1 building, Building faces West, 2 stories, Levels: MultiSplit, Entry location: Ground Level w/steps, Construction Materials: Stucco
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $334,569, Net Operating Income: $204,897
Laundry
CommonArea
Lot
0.2981 acres
Parking
14 open parking spaces, 14 total parking spaces, Assigned, Carport, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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