1506 Crenshaw Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 3 bath

1506 Crenshaw Boulevard
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1506 Crenshaw Boulevard, Los Angeles, California 90019 reveals a Prime Investment Opportunity with a current list price of $1,495,000—significantly undercutting the $1,550,043 Fair Market Value by 3%. This valuation gap indicates a +$55,043 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1506 Crenshaw Boulevard Subject | $1,495,000* List Price | 4 | 3 | 2,427 | $639 | - |
A 1027 S Lucerne Boulevard Sold | $1,870,000 | 4 | 5 | 2,508 | $746 | 0.7 mi |
B 1638 S Van Ness Avenue Sold | $1,279,000 | 3 | 3 | 2,028 | $631 | 0.7 mi |
C 971 3rd Avenue Sold | $1,540,000 | 5 | 3 | 2,214 | $696 | 0.8 mi |
D 1654 5th Avenue Sold | $1,300,000 | 3 | 2 | 1,846 | $704 | 0.4 mi |
E 1513 S Victoria Avenue Active | $1,399,000 List Price | 3 | 3 | 2,347 | $596 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1912, this property has undergone an extensive top-to-bottom renovation that meets the highest quality standards. All major systems are new, including the HVAC, 200-amp electrical panel, copper plumbing, roof, and energy-efficient double-pane windows. The interior features fully remodeled bathrooms, a modern spacious kitchen, new flooring, and recessed lighting throughout, leaving no deferred maintenance and providing a like-new living experience.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modern Upgrades
This 1912 Craftsman has been extensively renovated with essential modern infrastructure, including a new HVAC system, 200-amp electrical panel, copper plumbing, and a new roof, blending historic charm with contemporary reliability.
- Development Potential
The property is situated on an R3-zoned lot and features a high-ceiling detached garage, providing a prime opportunity for an Accessory Dwelling Unit (ADU) or future multi-unit expansion.
- High Walkability
With a walk score of 85/100, the home is located in a highly accessible area of Arlington Heights, offering convenient proximity to public transportation, local dining, and retail hubs.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The majority of the assigned public schools for this address have low performance ratings, which may be a significant drawback for families with school-aged children.
- Busy Thoroughfare Location
Being located directly on Crenshaw Boulevard, a major Los Angeles artery, the property is subject to higher levels of traffic noise and congestion compared to quieter residential side streets.
About 1506 Crenshaw Boulevard
Extensively renovated Craftsman-style single-family home located in desirable Arlington Heights. This beautifully maintained residence has been thoughtfully improved to provide modern comfort, featuring a new HVAC system with separate units serving each floor, a fully updated electrical system with a new 200-amp panel, and all-new interior plumbing with copper hot and cold water lines. Additional major improvements include a new roof, recessed lighting throughout, remodeled bathrooms, a newly constructed half-bathroom, new staircase railing, new interior doors, and energy-efficient double-pane windows, all while thoughtfully preserving its classic Craftsman character and charm. Four bedrooms are upstairs, with two bathrooms, including a Jack-and-Jill. The main floor features a well-lit, front-facing flex room that can be used as an office or a relaxing sitting room, a living room with a built-in sound system, a spacious kitchen that opens to a dining room, which connects to the sunroom through the beautiful French doors. The spacious, flexible attic space offers endless possibilities. A high-ceiling detached garage in the back provides excellent potential for an accessory dwelling unit. Ideally located in a central, walkable neighborhood with a walk score of 85/100, close to shops, dining, and public transportation. The property is zoned R3.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 7,091 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Arlington Heights Elementary School
Grades K-5 • 0.3 mi
Queen Anne Place Elementary School
Grades K-5 • 0.5 mi
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,427 | 1,796 | 80% |
| Lot Size | 7,091 | 6,102 | 77% |
| Price | $1.50M | $1.36M | 57% |
| Price per sq ft | $616 | $762 | 18% |
| Built year | 1912 | 1925 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 172 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,495,000
Initial Listing
Sold
Jul 14, 2017
$1,150,000
Public Record
Sold
Jan 20, 2017
$850,000
Public Record








































