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1226 Crenshaw Blvd

Los Angeles, CA 90019
  • $1,599,000
  • STATUS: Active
  • ON SITE: 196 Days
  • ID#: 22-120731
UPDATED: 144 min ago
$1,599,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,968
    SQFT
  • $403
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Description

Rare duplex property located within Country Club Park, minutes from Hancock Park, Koreatown, and Mid-Wilshire/Miracle Mile. The home was renovated in 2003 and a Certificate of Occupancy for use as a duplex was issued in 2004. Both units consist of 4 bed / 3 bath with a separate detached 4-car garage structure. Current tenants are long term tenants and are on month-to-month leases which will allow the Buyer with many options as rents are well below market rates. With tasteful renovations a 25-30% rental increase is a good possibility. Single family residence prices have skyrocketed so a Buyer may have the excellent option to live in one unit while renovating the other unit for a premium rental price to help offset their loan, or if an all cash Buyer, to help create a welcome additional stream of income. R3 Zoning allows for home occupational uses which adds to the flexibility of this property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-12T12:43:44.463. 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.trulinerealty.com/homes/125105182
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1226 Crenshaw Blvd Los Angeles, CA 90019

  • Price: $1,599,000
  • Status: Active
  • On Site: 196 Days
  • Updated: 144 min ago
  • ID#: 22-120731
8
Beds
0
Baths
0
½ Baths
0.17
Acres
3,968
SQFT
$403
$/SQFT
1916
Built
Neighborhood:
Hancock Park-Wilshire
County:
Los Angeles
Area:
Hancock Park-Wilshire
Property Description
Rare duplex property located within Country Club Park, minutes from Hancock Park, Koreatown, and Mid-Wilshire/Miracle Mile. The home was renovated in 2003 and a Certificate of Occupancy for use as a duplex was issued in 2004. Both units consist of 4 bed / 3 bath with a separate detached 4-car garage structure. Current tenants are long term tenants and are on month-to-month leases which will allow the Buyer with many options as rents are well below market rates. With tasteful renovations a 25-30% rental increase is a good possibility. Single family residence prices have skyrocketed so a Buyer may have the excellent option to live in one unit while renovating the other unit for a premium rental price to help offset their loan, or if an all cash Buyer, to help create a welcome additional stream of income. R3 Zoning allows for home occupational uses which adds to the flexibility of this property.
Exterior Features

Lot Size Area 7309 Other Structures Other Parking Garage Garage Is Detached Style Contemporary Total Parking 4

Interior Features

Baths Total 6.00 Cooling Central Equipment Garbage DisposalGas Dryer HookupDishwasherRange/Oven Heating Central

Property Features

Assessed Total Value 388015 Gross Income 72600 Gross Operating Income 72600 Like Units1 2 Net Operating Income 60600.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Plans Source Lot Size Area Vendor Enhanced Total Annual Expense 12000 Type Of Units 2 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Johnny Cho DRE#01862441 of Cpgi.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-12T12:43:44.463. 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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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064