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$2,395,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
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707-709 Crenshaw Boulevard is a 13-unit multifamily property located in the desirable Wilshire Park / Mid-Wilshire neighborhood of Los Angeles. Built in 1940, the 6,362 SF Colonial Revival garden-style complex is spread across two buildings and features a strong unit mix of (9) studios and (4) two-bedroom units. The property has undergone over $400,000 in recent renovations, including new electrical, plumbing, structural upgrades, cabinetry, flooring, HVAC, and full cosmetic updates, ensuring long-term durability and reduced capital risk. Units are separately metered for electricity and gas, while the landlord covers only water and trash, keeping operating costs low. Offering a 6.20% cap rate and 9.88 GRM on current income with 28%+ rental upside, the property delivers strong in-place cash flow and room for growth. Ideally located near Hancock Park, Larchmont Village, Koreatown, and Miracle Mile, and steps from the planned Wilshire/Crenshaw joint development and Purple Line Extension, residents enjoy excellent access to retail, dining, and major job centers.

Full Property Details for 707 Crenshaw Blvd

General

  • Price: $2,395,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25599733
  • Updated: 11/11/2025
  • Added to Site: 117 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 13

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: None

Parking

  • Garage Description: Garage

Location

  • Area: Hancock Park-Wilshire
  • County: Los Angeles
  • Driving Directions: Easily accessible via Wilshire Blvd, Olympic Blvd, and the I-10 Freeway, 707709 Crenshaw Blvd is centrally located in Mid-Wilshire. Minutes from Koreatown, Hancock Park, Miracle Mile, and Larchmont Village, the property offers convenient access to retail, dining, and job centers.

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Architectural Style: Colonial
  • Stories/Levels: 2
  • Square Feet: 6,362
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1940
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 13
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 8

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1722
  • Lot Size: 7499
  • Lot Size Source: Other
  • Lot Dimensions: 50 x 150
  • Lot Features: City
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $376.45
  • Assessment Year: 1940

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5090-032-008

Listed by Tony Azzi, Tony Azzi

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Listing agent

— 707 Crenshaw Blvd —

  • Tony Azzi

    Tony Azzi

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 707 Crenshaw Blvd

School District:Los Angeles Unified School District
NameGradesDistance
Wilshire Park Elementary School
4063 Ingraham St., Los Angeles, CA 90005
K-50.2 mi
John Burroughs Middle School
600 McCadden Place, Los Angeles, CA 90005
7-80.9 mi
Los Angeles Senior High School
4650 West Olympic Boulevard, Los Angeles, CA 90019
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 707 Crenshaw Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/10/2025
Price Reduced
$2,395,000
-4.2%
MLS
9/22/2025
Listed
$2,500,000
19.05%
MLS
3/23/2021
Sold
$2,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 707 Crenshaw Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,348
3%
$2,273,106
4%
2023
$27,488
5%
$2,184,840
2%
2022
$26,242
15%
$2,142,000
16%
2021
$22,909
45%
$1,845,000
51%
2020
$15,841
4%
$1,218,315
2%
2019
$15,246
1%
$1,194,428
2%
2018
$15,113
2%
$1,171,009
2%
2017
$14,760
3%
$1,148,049
2%
2016
$14,382
1%
$1,125,540
2%
2015
$14,183
-1%
$1,108,634
2%
2014
$14,289
—
$1,086,918
—
2013
$14,284
—
$1,082,007
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Tony Azzi, Tony Azzi

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707 Crenshaw Blvd, Los Angeles, CA 90005 (MLS# 25599733) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 707 Crenshaw Blvd is currently listed for $2,395,000 and was received on September 22, 2025. Want to learn more about 707 Crenshaw Blvd? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.

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