727 Crenshaw, Los Angeles, California 90005, Los Angeles, 90005 - 0 bed, 0 bath
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Los Angeles, California 90005
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $2,150,000—positioned slightly above the $2,115,034 Fair Market Value. Despite the premium, the property offers a Condition Rating of 3 with significant system upgrades and a 100% Vacant Delivery, allowing for immediate market-rate leasing. The 5-bedroom main house and ADU conversion potential provide versatile income strategies. This turnkey asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage passive income in a high-demand Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 Crenshaw Subject | $2,150,000* List Price | 0 | 0 | 4,138 | $511 | - |
A 851 Crenshaw Boulevard Active | $1,790,000 List Price | 0 | 0 | 3,934 | $455 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1924, the property has undergone significant renovations and system upgrades. The kitchen features updated stone countertops, modern cabinetry, and functional appliances. Exterior photos show newer HVAC condensers, and the overall condition is well-maintained and move-in ready, fitting the 5-15 year renovation window.
The property is delivered fully vacant, allowing an investor to immediately lease all units at current market rates without the complications of existing tenant relocations or rent control restrictions.
With a massive 5-bedroom main house and three smaller rear units, the property supports multiple strategies including owner-user occupancy, co-living models, or high-income traditional rentals.
The presence of private garages on a 7,502 sqft lot provides a prime opportunity for ADU conversions, offering a clear path to increase unit count and significantly boost the cap rate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4138, other record living area = 3200.
As a 1924 build, the property may require higher long-term maintenance reserves and specialized upkeep typical of century-old structures, despite recent system upgrades.
The high bedroom count across four units may create parking congestion if the garages are converted to ADUs, potentially impacting tenant satisfaction in a high-demand rental market.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,138 | 2,250 |
| Lot Size | 7,502 | 5,864 |
| Price | $2.15M | $826.7K |
| Price per sq ft | $520 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 3 | 83 |
Jul 19, 2026
$2,150,000
Initial Listing
May 8, 2008
$1,100,000
Public Record
Dec 7, 2005
$1,160,181
Public Record