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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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School Ratings & Info

Description

Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves. Cash offer only.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T17:42:39.713. 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.
www.searchdesertrealestate.com/homes/120516627
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731 Crenshaw Blvd Los Angeles, CA 90005

  • Price: $1,369,000
  • Status: Active
  • Updated: 30 min ago
  • MLS #: 21-773056
8
Beds
0
Baths
0
½ Baths
0.17
Acres
3,246
SQFT
$422
$/SQFT
1920
Built
Neighborhood:
Hancock Park-Wilshire
County:
Los Angeles
Area:
Hancock Park-Wilshire
Property Description
Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves. Cash offer only.
Exterior Features

Direction Faces East Lot Size Area 7500 Other Structures None Parking Garage Side By SideGarage - 2 Car Pool Description None Pool YN No Spa None Spa YN No Style Modern Total Parking 8 View Description City View YN Yes

Interior Features

Baths Total 5.00 Common Walls Detached/No Common Walls Cooling Air Conditioning Den No Dining Room No Equipment AntennaDishwasherElectric Dryer HookupHood FanMicrowaveRange/Oven Family Room Yes Heating Other Rooms 2nd Story Family Room

Property Features

Assessed Total Value 1621800 Gross Income 11320 Gross Operating Income 135840 Insurance Expense 2000.00 Like Units1 1 Net Operating Income 95088.00 Number Of Buildings 1 Number Of Units 1 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 40752 Type Of Units 1 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Song Hee Chung DRE#01998484 of New Star Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T17:42:39.713. 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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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210