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5106 Crenshaw Boulevard, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath

5106 Crenshaw Boulevard, Los Angeles, California 90043 home-pic-0
ACTIVE$1,649,000$2,306/sqft
Est. Value: $1,539,999
-6%
AboveEstimate
5106 Crenshaw Boulevard, Los Angeles, California 90043
4Beds
3Baths
2,306Sqft
9,148Lot

Price Vs. Estimate

The estimated value ($1,539,998.99) is $109,001.01 (6%) lower than the list price ($1,649,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.

Compared to the nearby listings

Price:$1.65M vs avg $850.3K (+$798,669)94%
Size:2,306 sqft vs avg 1,521 sqft90%
Price/sqft:$715 vs avg $62279%

More Insights

Built in 1920 (106 years old).
Condition: Despite being built in 1920, the property appears to be move-in ready with recent cosmetic updates. The bathrooms are tastefully renovated with modern subway tiles, new vanities, and contemporary fixtures. The flooring throughout the main living areas and bedrooms is updated (likely laminate or engineered wood), and the walls have fresh paint and crown molding. While the kitchen is not pictured, the overall visible interior suggests a well-maintained home suitable for immediate occupancy and rental, as indicated in the listing description. The primary weakness, the age of the structure, is more relevant to its long-term development potential rather than its current livability, which seems to have benefited from recent updates.
Year Built
1920
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$715
HOA
-
Days on market
-
Sold On
-
MLS number
IN25279141
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

Location! Location! DEVELOPER’S DREAM! C2 Zoned 9,148 sq ft lot. 60' frontage X 152.46'. Pre-pandemic due diligence allowed for 20 units by right or 40 units taking advantage of TOC Tier III incentives. Take advantage of new legislations allowing for even greater density and streamlined approvals, such as SB 79 - allowing developers to build up to 9 stories high with no parking required in transit oriented communities! Couple that with the One Big Beautiful Bill for bonus depreciation for properties located in opportunity zones. This property is located in the Crenshaw Corridor Opportunity Zone (tax incentives for long-term investors) adjacent to prominent View Park neighborhood. Front line of the brand new $2.1 Billion LAX/Crenshaw Metro K Line – walking distance to Vernon/Leimert Park and Crenshaw/Slauson Stations. Eased parking due to close proximity to Metro K Line stations! Current improvements include a 4 BD/2 BA SFR - 1,946 sq ft + Garage Converted 1 BD/1 BA ADU - 360 sq ft. Well maintained property with low maintenance allows you to instantly collect market value rent while you wait for the entitlement process! Or, purchase the adjacent lot with same lot dimensions to double the size of your project! Alternatively, go 100% affordable or ED1 for even greater density. Extensive list of permitted zoning use possibilities! Close proximity to major freeways, grocery stores, coffee shops, restaurants, schools, malls, BMO Stadium, SoFi Stadium, The Dome, The Forum. Exciting new developments in the area – including the $1B redevelopment of Baldwin Hills-Crenshaw Plaza Mall and Crenshaw Crossing – just to name a few. Need to complete a 1031 exchange? Look no further. Act now and acquire your next asset using lower residential financing rates. Don’t miss out on the best priced lot on the Crenshaw Corridor. Listing info deemed reliable but not guaranteed. Buyer to verify and satisfy themselves on ALL aspects of the property. Buyer to conduct their own due diligence. No warranties expressed or implied. Front SFR also listed for rent.

B
Bryan Castillo
Listing Agent

Nearby schools

3/10
Angeles Mesa Elementary School
Public,•K-5•0.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•0.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.9mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.9mi
2/10
Yes Academy
Public,•K-5•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.4mi
4/10
Centinela Elementary School
Public,•K-6•1.6mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.8mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
2/10
Audubon Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.8mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.7mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.1mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.1mi
2/10
Inglewood High School
Public,•9-12•2.8mi
2/10
George Washington Preparatory High School
Public,•9-12•4.3mi
9/10
Middle College High School
Public,•9-12•6.7mi

Price History

Date
Event
Price
03/06/14
Sold
$371,000
08/01/11
Sold
$315,000
01/14/11
Sold
$160,000
11/19/03
Sold
$359,000
Condition Rating
Good
Despite being built in 1920, the property appears to be move-in ready with recent cosmetic updates. The bathrooms are tastefully renovated with modern subway tiles, new vanities, and contemporary fixtures. The flooring throughout the main living areas and bedrooms is updated (likely laminate or engineered wood), and the walls have fresh paint and crown molding. While the kitchen is not pictured, the overall visible interior suggests a well-maintained home suitable for immediate occupancy and rental, as indicated in the listing description. The primary weakness, the age of the structure, is more relevant to its long-term development potential rather than its current livability, which seems to have benefited from recent updates.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Exceptional Development Potential: C2 zoning on a 9,148 sq ft lot, with high-density allowances (TOC Tier III, SB 79 for up to 9 stories/40 units) and potential for even greater density, making it a prime site for multi-unit development.
Strategic Transit-Oriented Location: Situated on the new LAX/Crenshaw Metro K Line, within walking distance to multiple stations, which significantly eases parking requirements and enhances future resident appeal.
Opportunity Zone Benefits: Located in the Crenshaw Corridor Opportunity Zone, offering substantial tax incentives for long-term investors, adding a significant financial advantage to the investment.
Immediate Income Generation: The property includes an existing 4BD/2BA SFR and a 1BD/1BA ADU, providing immediate rental income to offset holding costs during the development entitlement phase.
Strong Area Growth & Amenities: Proximity to major freeways, extensive local amenities, major sports/entertainment venues, and significant ongoing redevelopment projects in the area indicate a vibrant and appreciating market.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Complex Due Diligence & Entitlement Risk: The property's value is heavily contingent on future development, requiring extensive, time-consuming, and potentially costly due diligence, zoning approvals, and entitlement processes.
Age of Existing Structures: Built in 1920, the current residential structures are old and will likely require demolition for redevelopment, incurring additional costs and potential environmental assessments.
Niche Buyer Pool: This property is primarily suited for experienced developers or sophisticated investors due to its complex development potential, limiting its appeal to the general residential buyer market.
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