1717 Crenshaw Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 7 bed, 3 bath
1717 Crenshaw Boulevard
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1717 Crenshaw Boulevard, Los Angeles, California 90019 reveals a property with a current list price of $1,849,000, which is 16% above the estimated $1,550,126 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 1717 Crenshaw Boulevard Subject | $1,849,000* List Price | 7 | 3 | 2,755 | $563 | - |
A 1663 Virginia Road Active | $2,174,000 List Price | 6 | 4 | 3,302 | $658 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1909, is well over a century old. While it appears to be maintained and functional, especially for its stated use as a short-term rental, the kitchen and bathrooms are significantly dated. The kitchen features older white cabinets and basic countertops, lacking modern appliances or finishes. Bathrooms are basic with standard vanities and fixtures, and fiberglass tub/shower combos. The flooring (laminate/engineered wood) seems to be a more recent update and is in good condition, but this doesn't compensate for the overall outdated aesthetic of the core areas. The light fixtures are also basic and somewhat dated. The property requires minor updates to bring it to current standards, fitting the 'Fair' category where major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Potential
The property is explicitly marketed as an 'amazing investment with 9.5% Cap' and a 'lucrative income opportunity' for short-term rentals, indicating strong cash flow potential.
- Prime Central Location
Strategically located 'close to 10FWY and Koreatown, USC, DTLA,' offering excellent accessibility to major attractions and business hubs, highly desirable for short-term renters.
- High Occupancy Capacity
With 7 bedrooms and 3 bathrooms (based on structured data), the property offers a substantial capacity for accommodating multiple guests or groups, maximizing short-term rental income.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-02-14. The sold price is $1,550,000.00.
- Inconsistent Property Details
There is a significant discrepancy between the description stating '13 bedrooms and 8 bathrooms' and the structured data showing '7 beds and 3 baths,' which requires immediate clarification and could mislead potential buyers.
- Apparent Overpricing
The current listing price of $1.849M is approximately 16% higher than the estimated property value of $1.55M, suggesting the property may be overpriced relative to market valuations.
About 1717 Crenshaw Boulevard
Amazing investment with 9.5% Cap. Welcome to this charming short-term rental property, perfect for investors or those seeking a lucrative income opportunity. This beautifully maintained property features 13bedrooms and 8 bathrooms , close to 10FWY and Koreatown, USC, DTLA. making it an ideal choice for short-term stays. Whether you're looking to expand your rental portfolio or simply want to capitalize on the booming short-term rental market, this property offers both convenience and potential for high returns. Don't miss out on this excellent investment opportunity and schedule a viewing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 7,473 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,755 | 1,796 | 87% |
| Lot Size | 7,473 | 6,102 | 84% |
| Price | $1.85M | $1.36M | 75% |
| Price per sq ft | $671 | $762 | 25% |
| Built year | 1909 | 1925 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 710 | 175 | 0% |
Pricing History
Sold
Feb 14, 2025
$1,550,000
Public Record