Hancock Park-Wilshire (C18) Homes under $1.5 million

Hancock Park-Wilshire (C18) Homes under $1.5 million

Welcome to Hancock Park-Wilshire, a charming enclave nestled in the heart of Los Angeles that seamlessly marries historical elegance with modern living. Known for its tree-lined streets, stunning architecture, and vibrant community, this region offers a unique blend of cultural richness and suburban tranquility. With its prime location, residents enjoy easy access to some of the city's best amenities, including eclectic dining options, boutique shopping, and lush parks.

Hancock Park-Wilshire is particularly appealing for homebuyers seeking properties under $1.5 million. Here, you’ll find a diverse range of homes, from beautifully restored Craftsman bungalows to contemporary condos, all brimming with character and charm. Many of these homes boast spacious layouts, original details, and lush outdoor spaces—perfect for both entertaining and relaxing. The neighborhood's architectural diversity adds to its allure, making it a delightful place to explore for potential homeowners.

In addition to its stunning residences, Hancock Park-Wilshire is known for its strong sense of community. Residents enjoy a rich tapestry of cultural events, farmers' markets, and local gatherings, fostering an inviting atmosphere for families and individuals alike. With its proximity to major thoroughfares and public transportation, commuting to downtown Los Angeles or other parts of the city is a breeze.

Whether you're a first-time homebuyer or looking to downsize, Hancock Park-Wilshire offers an exceptional opportunity to own a piece of Los Angeles history without breaking the bank. Discover your dream home in this vibrant neighborhood today!

Newest Hancock Park-Wilshire (C18) Homes under $1.5 million

1032 4th Ave, Los Angeles
$1,500,000
3 Beds ⋅ 1 Baths ⋅ ACTIVE Status
Nestled in a quiet and desirable neighborhood, this unique property offers flexible living arrangements and excellent income potential. Thoughtfully remodeled approximately four years ago, the main residence was configured into two separate living areas, with a front 1-bedroom, 1-bath unit currently rented for $1,900/month and a rear 2-bedroom, 2-bath owner-occupied unit. An additional converted garage offers a 1-bedroom, 1-bath space currently rented for $1,700/month, generating approximately $3,600/month in total rental income.The partition separating the main residence can be removed to restore a more open configuration, subject to buyer verification. Public records reflect a 3-bedroom, 1-bathroom Single Family Residence. The property is currently configured and used as 4 bedrooms and 4 bathrooms, with certain improvements and configurations being unpermitted. Buyer to independently verify all permits, bedroom/bathroom count, square footage, zoning, use, and legality of existing improvements with the appropriate governmental agencies. Property can be delivered vacant at Close of Escrow. Conveniently located near restaurants, hospitals, markets, and other everyday amenities. Features include a tankless water heater and a versatile layout offering multiple possibilities for an owner-user or investor. Property is located within a Historic Preservation Overlay Zone (HPOZ); buyer to independently verify all applicable restrictions, requirements, and guidelines with the City/County.

1032 4th Ave, Los Angeles

Courtesy of Solomon Realty, Austin Kim - CA DRE#01340203

702 Crenshaw Blvd, Los Angeles
$1,495,000
11 Beds ⋅ 5 Baths ⋅ ACTIVE Status
We are pleased to present 702 Crenshaw Boulevard, a fully renovated investment and development opportunity delivered 100% vacant, fully furnished, and ready for immediate occupancy. The approximately 2,691-square-foot residence features 10 bedrooms and 5 full bathrooms, making it an excellent candidate for a sober-living facility, co-living operation, supportive or transitional housing, or a room-by-room rental strategy, subject to applicable licensing and governmental requirements. Private rooms in the surrounding area are renting for approximately $1,500 per month. At full occupancy, the property has the potential to generate approximately $15,000 in gross monthly rental income, or $180,000 annually. Its high bedroom count, multiple bathrooms, oversized kitchen, and furnished condition allow an investor or operator to begin leasing with minimal additional setup. The residence has benefited from more than $300,000 in improvements, including vinyl plank flooring, dual-pane windows, central air conditioning, upgraded electrical, copper plumbing, quartz countertops, custom cabinetry, renovated bathrooms, and an oversized kitchen equipped with multiple refrigerators. The bedrooms, bathrooms, living room, kitchen, and outdoor areas are fully furnished. Situated on an oversized approximately 10,500-square-foot LAR3-zoned lot, the property offers significant underlying land value and multiple long-term development possibilities. An investor may elect to operate the existing 10-bedroom residence, explore the addition of ADUs or supplemental units, or pursue a larger ground-up multifamily development. Offered at a 9.25% cap rate and 8.3x GRM, 702 Crenshaw Boulevard represents a compelling investment opportunity. The combination of the large lot, multifamily zoning, existing improvements, and flexible building layout provides an opportunity to generate immediate rental income while evaluating a future development strategy. The iIdeally located just south of Wilshire Boulevard near Hancock Park, Koreatown, Larchmont Village, Windsor Square, and Miracle Mile, the property offers convenient access to dining, shopping, cultural attractions, employment centers, public transportation, and major destinations throughout Central Los Angeles.

702 Crenshaw Blvd, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748

620 S Gramercy Pl Unit 432, Los Angeles
$670,000
2 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ Gramercy Place HOA BLDG.
Welcome home to this stunning, top-floor penthouse unit in the highly sought-after Gramercy Place condominium complex. Spanning an impressive 1,055 square feet of contemporary living space, this unique 2-bedroom, 1-bathroom residence seamlessly combines urban convenience with resort-style luxury. Step inside to discover a bright and airy open layout featuring soaring vaulted ceilings and a cozy living room fireplace perfect for relaxing. Slide open the glass doors to step onto your private balcony, an ideal spot for enjoying your morning coffee or evening city views. The standout feature of this rare floor plan is the versatile upper-level loft space perfect for a home office, creative studio, or additional media room. The home is complete with a thoughtful split-bedroom floor plan for ultimate privacy, central heating and air conditioning. This unit also includes two secure, designated tandem parking spaces in a controlled-access garage, a massive premium for the neighborhood.Living at Gramercy Place means enjoying premier, resort-like amenities. Residents can unwind by the sparkling rooftop pool and jacuzzi while taking in sweeping panoramic views of the Downtown LA skyline and the Hollywood Hills from the expansive rooftop deck. You can also stay active in the well-equipped fitness center, relax in the building's dry saunas, and enjoy total peace of mind with 24-hour on-site security, controlled access, and modern EV charging stations.Perfectly situated just off Wilshire Boulevard, you are right in the middle of all the action. Walk to world-class dining, eclectic coffee shops, markets, the historic Wiltern Theatre, and the Metro Red Line for effortless commuting across Los Angeles. Don't miss the chance to own or lease this turnkey penthouse gem in one of LA's most vibrant neighborhoods!

620 S Gramercy Pl Unit 432, Los Angeles

Courtesy of Keller Williams Luxury, Cheong Lee - CA DRE#02172372

931 S Sycamore Ave, Los Angeles
$949,000
3 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ 927 - 931 1/2 S Sycamore Ave BLDG.
This newly constructed 3-bed, 3-bath Spanish-style residence by Cassa Design Studio blends timeless architectural character with a refined, design-driven vision in the heart of Mid-Wilshire. Light-filled interiors offer an effortless flow, with the main level anchored by a designer kitchen ideal for entertaining. Dark granite countertops, a striking Arabescato porcelain backsplash, brass pot rail detailing, and a custom Portola Roman clay range hood introduce depth and texture, while a built-in dining nook adds both function and thoughtful design. The private outdoor patio extends directly from the living and dining areas, creating a seamless indoor-outdoor connection ideal for everyday living and entertaining, all set against lush, Mediterranean-inspired landscaping. A moody green Roman clay powder room adds a rich, design-forward moment on the main level. Upstairs, three generously sized bedrooms offer comfort and privacy, including a spacious primary suite with a customizable walk-in closet and a private balcony finished with zellige-inspired terracotta tile. The primary bath is designed with intention, featuring a double vanity and an oversized walk-in shower with black penny marble flooring and refined Arabescato porcelain surfaces. A full third bath is equally considered, incorporating sage green zellige-inspired tile and classic Spanish flooring. Curated brass fixtures and statement lighting bring warmth throughout. Additional features include HVAC, hardwood flooring, a full laundry room, Integrated A/V wiring (Cat6), paid off solar panels, Ring doorbell, and Nest thermostat. The property is gated and secured, with dedicated parking and an EV charging capability. Situated in a highly coveted neighborhood near Museum Row and the Purple Line, and just around the corner from Lassens, Republique, All Season Brewing Company, Met Her At A Bar, LACMA, and Hancock Park, this residence offers a refined blend of design, comfort, and modern living.

931 S Sycamore Ave, Los Angeles

Courtesy of TRG Real Estate Co., Inc., Brita Kleingartner - CA DRE#01977100

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