2311 Crenshaw, Los Angeles, California 90016, Los Angeles, 90016 - 4 bed, 1 bath
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2311 Crenshaw
Los Angeles, California 90016
ACTIVE
CONDITION: FAIR
4Beds
1Baths
2,160Sq Ft
7,040Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,128,422
6% BelowMARKET VALUE
SUMMARY
This property represents a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,128,423 Fair Market Value by 6%. This valuation gap offers $78,423 in Instant Equity for the buyer. Featuring LAR3 Zoning and TOC Tier 3 designation, the 4-bedroom, 1-bath structure is a Fair Condition Rating asset primarily valued for its development potential. With a four-car garage and expansive lot, this is an ideal acquisition for Multifamily Developers or Buy-and-Hold Investors targeting the growing Crenshaw corridor.
Estimated Market Value
$1,128,422+$78,422 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2311 Crenshaw Subject 4 bd · 1 ba · 2,160 sqft · $522 | $1,050,000* List Price | 4 | 1 | 2,160 | $522 | - |
A 2136 S Victoria Avenue Sold 5 bd · 3 ba · 2,636 sqft · $484 · 0.1 mi | $1,275,000 | 5 | 3 | 2,636 | $484 | 0.1 mi |
B 3018 S Victoria Avenue Sold 3 bd · 1 ba · 1,550 sqft · $597 · 0.7 mi | $925,000 | 3 | 1 | 1,550 | $597 | 0.7 mi |
C 2943 Chesapeake Avenue Sold 3 bd · 2 ba · 1,534 sqft · $619 · 0.9 mi | $950,000 | 3 | 2 | 1,534 | $619 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1922, the property shows signs of aging and functional obsolescence with only one bathroom for four bedrooms. While the kitchen has been partially updated with granite countertops (likely 15-20+ years ago), the heavy marketing focus on LAR3 zoning and TOC Tier 3 development potential indicates the current structure is dated and requires significant modernization or is valued primarily for its land.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The property is zoned LAR3 with a TOC Tier 3 designation and is identified as a Housing Element rezoning site, offering significant upside for developers to build a multifamily project in a growing corridor.
- Strategic Mid-City Location
Perfectly positioned for commuters, the home offers easy access to the 10 Freeway, the Metro K Line, and major hubs like Culver City, Downtown LA, and West Adams.
- Expansive Lot and Parking
The 7,038-square-foot lot includes a rare four-car garage and a large backyard, providing ample space for parking, storage, or potential ADU construction.
CONSRISKS & DEFICIENCIES
- Inadequate Bathroom Count
The current layout features four bedrooms but only one bathroom, a significant functional deficiency for a home of this size that will require renovation to meet modern buyer expectations.
- Aging Infrastructure
Built in 1922, the property likely requires substantial updates to its primary systems (electrical, plumbing, and HVAC) to align with contemporary building standards and efficiency.
About 2311 Crenshaw
A PROPERTY FULL OF POSSIBILITIES IN THE HEART OF MID-CITY LOS ANGELES! This spacious property offers approximately 2,160 square feet of living space featuring 4 bedrooms, a bonus room, a large living room, and a generously sized kitchen with granite countertops and ample storage throughout. The property also features a spacious backyard and an impressive four-car garage, providing plenty of room for parking, storage, entertaining, or additional uses. Situated on an approximately 7,038-square-foot lot with LAR3 ZONING, this property offers an exciting opportunity for builders, developers, and investors to explore its multifamily residential development potential. According to City of Los Angeles planning records, the property is identified as a Housing Element rezoning site and carries a Transit Oriented Communities (TOC) Tier 3 designation. With newer multifamily developments emerging along the Crenshaw corridor, this location presents several attractive possibilities for future residential development. The location is another major highlight! Conveniently situated along Crenshaw Boulevard, the property offers easy access to West Adams, Culver City, Koreatown, Downtown Los Angeles, and the 10 Freeway. Enjoy nearby restaurants, shopping, local businesses, and public transportation, including bus stops along Crenshaw Boulevard and access to the Metro K Line. Whether you’re looking for a spacious home with room to make it your own or an investment opportunity with POTENCIAL FOR FUTURE DEVELOPMENT, this property offers a combination of space, location, and possibilities that is hard to overlook. Don’t miss the opportunity to explore everything this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 7,040 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 2,160 | 1,670.836 |
| Lot Size | 7,040 | 6,152.156 |
| Price | $1.05M | $1.34M |
| Price per sq ft | $486 | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 11 | 56 |
Pricing History
Listed for Sale
Oct 29, 2026
$1,050,000
Initial Listing
Sold
Nov 1, 1995
$163,700
Public Record
Sold
Jul 11, 1995
$108,000
Public Record