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701 Lorraine Blvd, Los Angeles, CA 90005

List Price: $2,590,000On Market FlagOn market
Jun 3, 20255,218 sqft8 beds8 baths
Listed by: Litta Lee
License #: 01094655
Phone #: 213-595-2455
Coldwell Banker Realty
Source:
CRMLS Logo
MLS #: 25547871

Property Description

One of the most beautiful curb appeals. Welcome to 701 Lorraine Blvd, located in the prestigious Hancock Park neighborhood! Surrounded by meticulously maintained landscaping and gardening, this property is truly a sight to behold. This stunning income property offers exceptional curb appeal and is a perfect investment opportunity, generating approximately $150,000 per year in income. Comprised of four spacious 2-bedroom units, this property is updated with hardwood flooring throughout, providing a luxurious touch. Every unit features a cozy fireplace in the living room, creating a warm and inviting ambiance for residents and guests alike. Each unit even has its own separate electric and gas meters, providing convenience and flexibility for tenants. The property has also been updated with copper pipes and electric systems, ensuring efficient and reliable utilities for years to come. This income property offers a prime location with easy access to renowned shopping, dining, and entertainment options. It is also within close proximity to prestigious schools, parks, and other amenities, making it an attractive option for potential tenants. 1 UNIT will be vacant from August 2025.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$40,761

TurboHome Estimated Value

$2,653,700

$509 sqft

High Valuation
$2,786,385
$534/sqft
Normal Valuation
$2,653,700
$509/sqft
Low Valuation
$2,521,015
$483/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$509/sqft$2,653,700

Neighborhood: Mid Wilshire

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Comparative Value

$1.70M

$2.06M

$2.30M

$2.38M

$2.59M

1214 S Norton Ave, Los Angeles, CA 90019

Sale Price: $1,700,000

Selected Comparable

613 S Dunsmuir Ave, Los Angeles, CA 90036

Sale Price: $2,060,000

Selected Comparable

4950 Beverly Blvd, Los Angeles, CA 90004

Sale Price: $2,300,000

Selected Comparable

161 N Sycamore Ave, Los Angeles, CA 90036

Sale Price: $2,375,000

Selected Comparable

701 Lorraine Blvd, Los Angeles, CA 90005

List Price: $2,590,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
701 Lorraine Blvd, Los Angeles, CA 90005

701 Lorraine Blvd, Los Angeles, CA 90005

List: $2,590,000

Listed: 6/3/2025

Area:5,218 sqft
Price/sqft:$496
Beds:8
Baths:8
Year Built:
Lot Size:7,312

Comparable Properties

COMPARABLE
Choose comps
4950 Beverly Blvd, Los Angeles, CA 90004

4950 Beverly Blvd, Los Angeles, CA 90004

Sale: $2,300,000

2/10/20251.08 mi

Area:5,964 sqft
Price/sqft:$386
Beds:8
Baths:8
Year Built:
Weight:25.9%
1214 S Norton Ave, Los Angeles, CA 90019

1214 S Norton Ave, Los Angeles, CA 90019

Sale: $1,700,000

6/16/20250.83 mi

Area:4,664 sqft
Price/sqft:$364
Beds:8
Baths:7
Year Built:
Weight:25.6%
613 S Dunsmuir Ave, Los Angeles, CA 90036

613 S Dunsmuir Ave, Los Angeles, CA 90036

Sale: $2,060,000

5/1/20251.60 mi

Area:6,344 sqft
Price/sqft:$325
Beds:8
Baths:8
Year Built:
Weight:24.4%
161 N Sycamore Ave, Los Angeles, CA 90036

161 N Sycamore Ave, Los Angeles, CA 90036

Sale: $2,375,000

5/28/20251.63 mi

Area:6,567 sqft
Price/sqft:$362
Beds:8
Baths:8
Year Built:
Weight:24.2%

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