Fantastic opportunity to acquire a FULLY VACANT 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.
Property Details
Price:
$2,050,000
MLS #:
26666323
Status:
Active
Beds:
7
Baths:
6
Type:
Single Family
Neighborhood:
c18hancockparkwilshire
Listed Date:
Mar 30, 2026
Finished Sq Ft:
4,138
Total Sq Ft:
4,138
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1924
See this Listing
Schools
Interior
Appliances
DW, MW
Cooling
CA
Heating
CF
Interior Features
CF
Laundry Features
IK, DINC
Levels
U
Exterior
Architectural Style
CNT
Construction Materials
STC
Direction Faces
E
Garage Spaces
4
Parking Spots
10
Parking Total
10
Patio And Porch Features
EN
Security Features
GC
Spa Features
NO
View
NO
Financial
Map
Community
- Address727 Crenshaw BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 06, 2026
7,190
Single Family Listed
85
Avg DOM
517
Avg $ / SqFt
$1,563,794
Avg List Price
Property Summary
- 727 Crenshaw BL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90005. It is listed for $2,050,000 and features 7 beds, 6 baths, and has approximately 4,138 square feet of living space, and was originally constructed in 1924. The current price per square foot is $495. The average price per square foot for Single Family listings in Los Angeles is $517. The average listing price for Single Family in Los Angeles is $1,563,794.
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