$3,450,000
730 Crenshaw Boulevard
Los Angeles, CA 90005
18
Beds
16
Baths
11,208
Sq. Ft.
1954
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
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 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.
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Mortgage Estimate
$18,362/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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