1717 Crenshaw Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 7 bed, 3 bath
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Los Angeles, California 90019
This High-Yield Residential Asset represents a strategic income-generating opportunity with a List Price of $1,849,000, reflecting its specialized use-case against a $1,756,881 Fair Market Value. Marketed with a 9.5% Cap Rate, the property capitalizes on its prime location near Koreatown and USC to drive consistent short-term rental demand. While maintaining a Fair Condition Rating, the 1909 structure offers a desirable City Lights view and significant value-add potential through interior modernization. This high-capacity acquisition is ideal for Buy-and-Hold Investors or Short-Term Rental Operators seeking cash-flow stability.
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wood) seems to be a more recent update and is in good condition, but this doesn't compensate for the overall outdated aesthetic of the core areas.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it to current standards, fitting the 'Fair' category where major components are functional but show signs of being outdated.
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.
Strategically located 'close to 10FWY and Koreatown, USC, DTLA,' offering excellent accessibility to major attractions and business hubs, highly desirable for short-term renters.
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.
The property was recently sold within the past year on 2025-02-14. The sold price is $1,550,000.00.
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.
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.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,755 | 1,742 | 88% |
| Lot Size | 7,473 | 6,377 | 83% |
| Price | $1.85M | $1.33M | 75% |
| Price per sq ft | $671 | $762 | 25% |
| Built year | 1909 | 1926 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 757 | 187 | 0% |
Feb 14, 2025
$1,550,000
Public Record