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1502 Crenshaw Blvd, Los Angeles, CA 90019
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1502 Crenshaw Blvd Los Angeles, CA 90019

$1,350,000 Sold Price as of 01/14/2022
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,350,000 Sold Price as of 01/14/2022 Refinance Your Mortgage
Map preview of 1502 Crenshaw Blvd, Los Angeles, CA 90019

Property Overview: 1502 Crenshaw Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,102 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Developers, here is your next opportunity to build a fourplex! 1502 Crenshaw Blvd is an SFR that will be delivered with fully approved, Ready to Issue Plans for an impressive fourplex in the heart of Mid-City. From the unbeatable Mid-City location (hottest rental market in all of Los Angeles right now!) to the strategically designed plans containing spacious 5 bedroom units and 9 parking spaces, we predict this amazing project will sell for between $3,000,000 and $3,200,000 upon completion. At this time we are closing escrows and generating offers on Mid-City new construction fourplexes (with all 3 bedroom units) in the high $2,900,000’s. If you factor in the rental income from much larger 5 bedroom units, we expect offers north of $3,000,000 on this property. Our rental team is currently achieving rents of $4,200-$5,000 on dozens of 4 bedroom units in Mid-City at this time, as well as rents of $5,400-$5,795 on 5 bedroom units in Mid-City. To be exceedingly conservative, we are factoring in $4,500 per unit on this property, but expect higher! Ask us for rental comps! The existing property is a 2,542 square foot, vacant 4Br+2Ba SFR on a 7,102 SF LAR3-1 T.O.C. Tier 3 lot. No need to worry about messy relocations or rent control on the future project! Whether you plan to build and hold or build and sell (we can’t wait to do that for you!), the numbers pencil both ways. Jump on this deal before it goes!

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 3 seconds ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
7,102
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
BB21183082
City
Los Angeles
County
Los Angeles
Time on Site
1113 days

Property Details for 1502 Crenshaw Blvd

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Parcel Number: 5072004020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Crenshaw, South of Pico Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1502 Crenshaw Blvd

Last leased for $4,950 on February 28th, 2024

  • February, 2024

  • Feb 28, 2024

    Date

    Leased

    CRMLS: SR24027368

    $4,950

    Price

  • Feb 12, 2024

    Date

    Active

    CRMLS: SR24027368

    $4,950

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your dream rental nestled in the vibrant heart of Los Angeles! This newly constructed townhome boasts 5 bedrooms and 5 bathrooms, complete with a private, gated entry for added security and peace of mind. Enter inside to discover a harmonious blend of modern design and functionality, featuring recessed lighting throughout, solar panels, sleek laminate flooring, and an inviting open floorplan that exudes contemporary elegance. The kitchen is a chef's delight, equipped with top-of-the-line stainless steel appliances and ample counter and cabinet space for all your culinary needs. For added convenience, a stacked washer/dryer discreetly tucked away in the closet awaits. Retreat to five generously sized bedrooms, each accompanied by its own luxurious en-suite bathroom and spacious walk-in closet, ensuring privacy and comfort for every member of the household. Situated in a prime location, you'll find yourself just moments away from an array of shops, dining options, and esteemed educational institutions, making this an ideal abode for those seeking both convenience and sophistication in the heart of the city.

  • October, 2023

  • Oct 31, 2023

    Date

    Canceled

    CRMLS: 23300117

    $4,950

    Price

  • Sep 26, 2023

    Date

    Active

    CRMLS: 23300117

    $5,700

    Price

  • Listing provided courtesy of CRMLS

    New construction! This state-of-the-art fourplex in Central Los Angeles boasts four 5-bedroom units that each feature generous open-layout kitchen and dining areas along with spacious bedrooms and luxurious baths. Vertically integrated living with a common courtyard and ample residential parking makes it perfect for artists, families, or students. Each unit is equipped with solar for efficient energy use and low utility costs. An ideal location for access to Koreatown, Mid-Wilshire, Downtown, Beverly Hills, and Pico Union. This unit features 5 bedrooms and 4 baths along with a cozy, state-of-the-art kitchen/common area. A private unit that can serve as an oasis from the busyness of Los Angeles.

  • July, 2023

  • Jul 19, 2023

    Date

    Canceled

    CRMLS: BB23095074

    $3,699,996

    Price

  • Jun 8, 2023

    Date

    Active

    CRMLS: BB23095074

    $3,699,996

    Price

  • Listing provided courtesy of CRMLS

    Owner is going to lease units. Do not contact seller.

  • January, 2022

  • Jan 14, 2022

    Date

    Sold

    CRMLS: BB21183082

    $1,350,000

    Price

  • Sep 2, 2021

    Date

    Active

    CRMLS: BB21183082

    $1,350,000

    Price

  • September, 2021

  • Sep 2, 2021

    Date

    Active

    CRMLS: BB21183137

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2021

  • Jul 8, 2021

    Date

    Canceled

    CRMLS: 21743032

    $1,365,000

    Price

  • Jun 3, 2021

    Date

    Active

    CRMLS: 21743032

    $1,365,000

    Price

  • Listing provided courtesy of CRMLS

    RTI DEVELOPMENT OPPORTUNITY. The sale of this property comes with fully approved RTI plans to build a 7,695sf 4-Unit townhome style complex with 20 bedrooms, 19 bathrooms and 9 parking spaces. The plans for the modern minimalist double duplex feature (3) 5Br+5Ba units and (1) 5Br+4Ba unit with balconies, patios and rear units with private outdoor space. Parking includes 5 uncovered and 4 covered spaces. All utilities are individually metered. The future property has an estimated ARV of $3mil to $3.2mil with a projected annual gross income of $230,000 (an avg. monthly rent of $4,800/unit), putting it at an approx. 5.5% Cap. Currently standing is a 2,542sf 4Br+2Ba SFR on a 7,100sf LAR3-1 T.O.C. Tier 3 lot. Located in a Prime Mid-City pocket near grocery markets, schools and trendy restaurants such as Pasta Sisters, Grain Cafe and Gus' World Famous Fried Chicken.

  • February, 2021

  • Feb 26, 2021

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

  • January, 2021

  • Jan 2, 2021

    Date

    Expired

    CRMLS: 20620528

    $1,135,000

    Price

  • Dec 16, 2020

    Date

    Active

    CRMLS: 20620528

    $1,135,000

    Price

  • Nov 24, 2020

    Date

    Pending

    CRMLS: 20620528

    $1,135,000

    Price

  • Aug 19, 2020

    Date

    Active

    CRMLS: 20620528

    $1,135,000

    Price

  • Listing provided courtesy of CRMLS

    Close to Korea-town and is minutes away from Downtown and 10 freeway. R3 zoning with large lot to build multi-unit apartment or condo. Another possibility and imagination of expansion! ADU & JADU ! Sold "as is," no termite report/clearance, no repairs or no credit for repairs. Cash offers preferred based on the condition. The spacious interior consists of 6 bedrooms and 2 bathrooms. This gives you the luxury of being able to either rent out or create new units.

  • May, 2003

  • May 21, 2003

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 1502 Crenshaw Blvd

Assessed Value (2020): $662,144
Year Land Value Improved Value Assessed Value
2020 $397,288 $264,856 $662,144

Home Value Compared to the Market

This property vs the competition

1502 Crenshaw Blvd sold on January 14, 2022 for 20.54% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1502 Crenshaw Blvd

Detailed summary of property

1502 Crenshaw Blvd is a land that recently sold in Los Angeles, CA 90019. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,102 square foot lot. 1502 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on September 2, 2021. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.54% higher than the current median priced home. Local homes that are currently for sale include 1547 N Sierra Bonita, 230 N Park View St and 6321 11th Ave. While the average home in Los Angeles, CA is selling in 106 days, 1502 Crenshaw Blvd has a days on market of 29 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1502 Crenshaw Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1502 Crenshaw Blvd

Public county record property details
Beds
4
Baths
1
Year built
1923
Sq. Ft.
2,542
Lot Size
7,102
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
61
APN
5072-004-020

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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