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1717 Crenshaw Blvd, Los Angeles, CA 90019
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1717 Crenshaw Blvd Los Angeles, CA 90019

$1,849,000
  • 7 Beds
  • 3 Baths
  • 2,755 Sq.Ft.
For Sale
$1,849,000 Get Pre-Qualified
Map preview of 1717 Crenshaw Blvd, Los Angeles, CA 90019

Property Overview: 1717 Crenshaw Blvd Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,755 living square feet and 7,473 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 7bedrooms and 3 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!

Listed by Hye Kyung Hwang | BRE #02089583 | Redpoint Realty
Last checked: 7 minutes ago | Last updated: April 14th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
7,473
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24372905
City
Los Angeles
County
Los Angeles
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $23,354
  • Total Rent: $23,354
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.42%
  • Gross Rent Multiplier: 6.6
  • Gross Scheduled Income: --
  • Net Operating Income: $174,239
  • Gross Operating Income: $280,259
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1717 Crenshaw Blvd

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Property Details for 1717 Crenshaw Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 1
  • Parcel Number: 5071001033
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From 10 Frwy, exit Crenshaw Blvd N, pass Washington, on left before Venice Blvd. Check the Goggle Map.
View more facts & features

Local Los Angeles Agent

Sale History for 1717 Crenshaw Blvd

Last sold on August 10th, 2015

  • March, 2024

  • Mar 26, 2024

    Date

    Active

    CRMLS: 24372905

    $1,849,000

    Price

  • February, 2024

  • Feb 12, 2024

    Date

    Canceled

    CRMLS: PW23214061

    $2,200,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: PW23214061

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Explore boundless potential with this single-family residence located at 1717 Crenshaw Blvd in the heart of Los Angeles. Boasting 7 bedrooms, 3 baths, and spanning 2,650 square feet on a generous 7,471 square foot lot, this property presents a unique opportunity with R3 zoning, allowing for a variety of development possibilities, including the creation of a larger apartment complex. Notably, the property is equipped with solar panels, providing an eco-friendly and cost-effective solution to reduce electricity expenses. Consider acquiring both 1717 and 1721 Crenshaw Blvd for an even greater investment potential, or seize the chance to purchase them separately. Currently, this property serves as a lucrative Airbnb income stream, with all furnishings included in the sale. The strategic location in Koreatown, near downtown Los Angeles, the 10 Freeway, and USC, adds to its appeal. Enjoy ample parking with spaces in both the front and rear, providing convenience for residents and guests alike. The non-HPOZ status and proximity to the picturesque Lafayette Park Community enhance the desirability of these parcels. Whether you're an investor, developer, or seeking a lucrative income stream, this property offers exceptional potential. Explore the possibilities and don't miss the chance to capitalize on this outstanding opportunity.

  • February, 2024

  • Feb 12, 2024

    Date

    Canceled

    CRMLS: PW23213993

    $2,200,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: PW23213993

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Explore boundless potential with this single-family residence located at 1717 Crenshaw Blvd in the heart of Los Angeles. Boasting 7 bedrooms, 3 baths, and spanning 2,650 square feet on a generous 7,471 square foot lot, this property presents a unique opportunity with R3 zoning, allowing for a variety of development possibilities, including the creation of a larger apartment complex. Notably, the property is equipped with solar panels, providing an eco-friendly and cost-effective solution to reduce electricity expenses. Consider acquiring both 1717 and 1721 Crenshaw Blvd for an even greater investment potential, or seize the chance to purchase them separately. Currently, this property serves as a lucrative Airbnb income stream, with all furnishings included in the sale. The strategic location in Koreatown, near downtown Los Angeles, the 10 Freeway, and USC, adds to its appeal. Enjoy ample parking with spaces in both the front and rear, providing convenience for residents and guests alike. The non-HPOZ status and proximity to the picturesque Lafayette Park Community enhance the desirability of these parcels. Whether you're an investor, developer, or seeking a lucrative income stream, this property offers exceptional potential. Explore the possibilities and don't miss the chance to capitalize on this outstanding opportunity.

  • November, 2021

  • Nov 5, 2021

    Date

    Active

    CRMLS: PW21243031

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    This income property with R3 zoning has 7 bedrooms and 3 bathrooms. It is currently running as an Airbnb, all permitted with professional management. Remarkable opportunity to own it with high potential to grow more income from Airbnb. At the same time, it can be built a larger development project like apartment in the future. It is completely remodeled and updated, all new applaiances. This area is near Olympic stadium and U S C. and is also near the soccer field which is projected to be built in the near future. Please come and check this out and don't miss this great opportunity!!

  • May, 2021

  • May 5, 2021

    Date

    Expired

    CRMLS: 20641414

    $2,000,000

    Price

  • Oct 3, 2020

    Date

    Active

    CRMLS: 20641414

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 48 unit Development Project in K-town. This project is a total of 3 parcels with R3-1 zoning with TOC Tier 3. The total lot size is 22,400SF. Currently all three properties are generating $22,000 rental income. This project can be built for 48 units of apartments or condos. These parcels are NOT HPOZ and are right next to the beautiful Lafayette Park Community. These parcels can be purchased individually or combined for $6,000,000.

  • January, 2020

  • Jan 30, 2020

    Date

    Canceled

    CRMLS: 20545174

    $6,500,000

    Price

  • Jan 18, 2020

    Date

    Active

    CRMLS: 20545174

    $6,500,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 49 unit Development Project in K-town. This project is a total of 3 parcels and it's R3-1 zoning with TOC Tier 3. The total lot size is 22,400 SF and currently, all three properties are generating $22,000 rental income. This project can be built for 48 units of apartments or condos. These parcels are NOT HPOZ and are right next to the beautiful Lafayette Park Community. These parcels can be purchased individually or combined for $6,500,000.

  • September, 2019

  • Sep 17, 2019

    Date

    Expired

    CRMLS: PW19169858

    $2,200,000

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: PW19169858

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    This single family residence with R3 zoning has 7 beds 2 baths, 2,650 sf, 7471 sf lot size. Remarkable opportunity to own it with high potential to build larger development project like apartment. Seller wants to sell all 3 properties at 1709(& 1711),1717 & 1721 Crenshaw BL. and can be sold separately. This property currently has an income of $15,000 per month and projected to be $20,000 or more per month by running it with rooming motel and/or air b&b. This area is near Olympic stadium and U S C. and is also near the soccer field which is projected to be built in the near future. Please come and check this out and don't miss this great opportunity.

  • June, 2019

  • Jun 10, 2019

    Date

    Expired

    CRMLS: 19452324

    $2,200,000

    Price

  • Apr 10, 2019

    Date

    Active

    CRMLS: 19452324

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Remarkable opportunity to own this three contiguous property. R3 zoning and it can be delivered vacant at the close of escrow. It has 7 bedrooms and 2 bathrooms and has a boarding house permit. 1709, 1717 and 1721 Crenshaw, all three can be sold together at $6.5M. Otherwise just two properties, 1717 and 1721 Crenshaw at $4.7M.

  • March, 2019

  • Mar 16, 2019

    Date

    Expired

    CRMLS: 19426144

    $2,000,000

    Price

  • Jan 21, 2019

    Date

    Active

    CRMLS: 19426144

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Home, 3 beds 1 bath, 2,650 sf, 7,471 sf lotSeller want to sell all 3 properties at 1709,1717 & 1721 Crenshaw BL. Together in $6,000,000. Each property is $2,000,000. Total lot size of 3 properties are 22,400 sq ft. Total current Income of 3 properties is $29,000 per month. However all 3 properties to be delivery vacant at the close of Escrow. It's very rare chance that these kind of 3 properties in side-by-side is in the market in Korea town. These lot size could be the best opportunity for Developer to build up Apartment and lot units of condos. Buyer to complete investigations of all permits, etc. When to build on, Buyer need further investigation. Very convenient area for transportation, shopping & restaurants. This property at 1717 has current Income $9000 per month. This area is near to Olympic stadium and U S C. And also near to soccer playground to be built in the future soon.1717 & 1721 at Crenshaw, these 2 properties availbl for build MOTEL and Hotel.

  • January, 2019

  • Jan 2, 2019

    Date

    Canceled

    CRMLS: 18395572

    $1,995,000

    Price

  • Nov 6, 2018

    Date

    Price Change

    CRMLS: 18395572

    $1,995,000

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: 18395572

    $2,270,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 48 unit Development Project in K-town. and it's R3-1 zoning with TOC Tier 3. Total lot size is 22,400 SF and currently all three properties are generating $22,000 rental income. This project can be built for 48 units of apartment or condos. These parcels are NOT HPOZ and is right next to the beautiful Lafayette Park Community. These parcels can be purchased individually or combined for $6,800,000.

  • August, 2015

  • Aug 10, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2015

  • Jul 16, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1717 Crenshaw Blvd

Assessed Value (2020): $750,191
Year Land Value Improved Value Assessed Value
2020 $568,276 $181,915 $750,191

Home Value Compared to the Market

This property vs the competition

1717 Crenshaw Blvd is listed 47.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $671.14 per/sqft which puts the price per square foot 13.62% lower than the median price per square foot for the city of Los Angeles.

About 1717 Crenshaw Blvd

Detailed summary of property

1717 Crenshaw Blvd is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 7 bedrooms, 3 bathrooms, roughly 2,755 living square feet, and sits on an approximately 7,473 square foot lot. 1717 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on March 26, 2024. The homeowner is currently asking $1,849,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 47.92% higher than the median priced home. Local competing homes currently for sale include 4711 St Elmo Dr, 4011 Country Club Dr and 1409 Arlington Ave. While the average home in Los Angeles, CA is selling in 92 days, 1717 Crenshaw Blvd has a days on market of 33 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1717 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 1717 Crenshaw Blvd

Public county record property details
Beds
7
Baths
2
Year built
1909
Sq. Ft.
2,755
Lot Size
7,470
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5071-001-033

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
70
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Homes for Sale Near 1717 Crenshaw Blvd

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Recently Sold Homes Near 1717 Crenshaw Blvd

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$1,175,000 Last Sold Price
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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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