707 Crenshaw Blvd
Los Angeles, CA 90005 · Koreatown
- Sale Price
- $2,100,000
- Units
- 10
- Building Size
- 6,362 SF
- Price Per Unit
- $210,000
- Price Per SF
- $330
Sale Summary
707 Crenshaw Blvd is a 10-unit apartment building in Los Angeles, CA 90005, closed for $2,100,000. That works out to $210,000 per unit and $330 per square foot of building area.
Built in 1940, this building sits in the Wilshire Park neighborhood of western Koreatown, just south of Wilshire Blvd and within walking distance of the Wilshire/Western Metro station and the Wiltern Theater. It was marketed as a value-add opportunity, with room to add a studio in the main building and a freestanding ADU, and its main electrical panel had been upgraded to 400 amps. Our selling client completed a 1031 exchange into triple-net properties.
The property sits in the Koreatown submarket (Central LA), which scores 93 for Walk Score and 80 for Transit Score.
This sale is part of the Highlight Multifamily Group track record. See it on our closed sales map.