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

1506 Crenshaw Boulevard, Los Angeles, California 90019 home-pic-0

1506 Crenshaw Boulevard

Los Angeles, California 90019

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,427Sq Ft
7,091Lot Size

Property Price

LIST PRICE$1,495,000
EST. MARKET VALUE
$1,550,043
3% BelowMARKET VALUE

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

$1,550,043 +$55,043 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1506 Crenshaw Boulevard
Subject
$1,495,000*
List Price
432,427$639-
A
1027 S Lucerne Boulevard
Sold
$1,870,000452,508$7460.7 mi
B
1638 S Van Ness Avenue
Sold
$1,279,000332,028$6310.7 mi
C
971 3rd Avenue
Sold
$1,540,000532,214$6960.8 mi
D
1654 5th Avenue
Sold
$1,300,000321,846$7040.4 mi
E
1513 S Victoria Avenue
Active
$1,399,000
List Price
332,347$5960.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

3/10

Queen Anne Place Elementary School

Grades K-5 • 0.5 mi

7/10

Carson-Gore Academy Of Enviornmental Studies

Grades K-5 • 0.6 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
66%
Baths3.02.0
56%
Square foot2,4271,796
80%
Lot Size7,0916,102
77%
Price$1.50M$1.36M
57%
Price per sq ft$616$762
18%
Built year19121925
13%
HOA$0$0
50%
Days on market8172
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

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