1929 Crenshaw Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 1 bath

1929 Crenshaw Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$1,190,000
1929 Crenshaw Boulevard, Los Angeles, California 90016
3Beds
1Bath
3,255Sqft
7,325Lot

Price Vs. Estimate

The estimated value ($1,190,000) is $0 (0%) lower than the list price ($1,190,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential: The property is divided into three units, generating $4,500 in monthly rental income, offering immediate cash flow.
Top Cons:
Unpermitted Units: The units are unpermitted, which may present challenges with compliance and future renovations.

Compared to the nearby listings

Price:$1.19M vs avg $1.07M (+$120,000)57%
Size:3,255 sqft vs avg 1,419.5 sqft99%
Price/sqft:$366 vs avg $7821%

More Insights

Built in 1912 (113 years old).
Condition: The property was built in 1912 and while it generates rental income, the description mentions 'unpermitted' units and the need for 'fixer or flipping'. The images show an older kitchen and bathroom, suggesting that while the property may be maintained, it requires updates. The property is over 20 years old and likely has not been renovated in the last 15 years.
Year Built
1912
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
OC24234604
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

This single-family home offers charm, versatility, and investment potential. Officially a single-family residence, it is divided into three separate units, generating $4,500 in monthly rental income. The main house on the first floor is spacious and well-lit, while the second floor features two private units. Additionally, the detached garage has been converted into an independent third unit, maximizing rental opportunities. Though the units are unpermitted, the property retains its single-family classification, allowing flexibility for future updates or development. Located in a rapidly growing Los Angeles neighborhood, it provides excellent access to freeways, public transportation, and popular areas like Downtown, Koreatown, and Mid-Wilshire. Surrounded by vibrant cultural and recreational amenities, including The Grove, LACMA, and the upcoming Lucas Museum, the area’s appeal continues to grow alongside rising property values. With steady income and long-term appreciation potential, this home is ideal for investors or homeowners seeking supplemental income. Its flexible layout and location in a thriving area make it a rare and valuable opportunity. Schedule a showing today to explore this promising property! It is perfect for Fixer or Flipping

Price History

Date
Event
Price
03/06/01
Sold
$185,000
11/23/99
Sold
$248,500
08/14/98
Sold
$135,000
10/09/01
Sold
$300,000
Condition Rating
Fair

The property was built in 1912 and while it generates rental income, the description mentions 'unpermitted' units and the need for 'fixer or flipping'. The images show an older kitchen and bathroom, suggesting that while the property may be maintained, it requires updates. The property is over 20 years old and likely has not been renovated in the last 15 years.
Pros & Cons

Pros

Income Potential: The property is divided into three units, generating $4,500 in monthly rental income, offering immediate cash flow.
Prime Location: Located in a rapidly growing Los Angeles neighborhood with excellent access to freeways, public transportation, and popular areas.
Development Opportunity: The property retains its single-family classification, allowing flexibility for future updates or development.

Cons

Unpermitted Units: The units are unpermitted, which may present challenges with compliance and future renovations.
Fixer-Upper: The property is suitable for a 'Fixer or Flipping', suggesting it may require significant repairs or upgrades.

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