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731 Crenshaw Blvd, Los Angeles, CA 90005
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731 Crenshaw Blvd Los Angeles, CA 90005

$1,325,000 Sold Price as of 12/23/2021
  • 16 Beds
  • 8 Baths
  • 3,246 Sq.Ft.
Sold
$1,325,000 Sold Price as of 12/23/2021 Refinance Your Mortgage
Map preview of 731 Crenshaw Blvd, Los Angeles, CA 90005

Property Overview: 731 Crenshaw Blvd Los Angeles, CA has 16 bedrooms, 8 bathrooms, 3,246 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves. Cash offer only.

Listed by Song Hee Chung | BRE #01998484 | New Star Realty
Co-listed by Kye Han | BRE #01932078 | New Star Realty
Last checked: 7 minutes ago | Last updated: December 9th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21773056
City
Los Angeles
County
Los Angeles
Time on Site
1005 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 16
  • # of Baths: 8
  • Furnishing: Unfurnished
  • Total Rent: $11,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: --
  • Net Operating Income: $95,088
  • Gross Operating Income: $135,840
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,750
  • Insurance: $2,000

Property Details for 731 Crenshaw Blvd

Interior Features
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Side by Side, Garage - Two Door
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 1
  • Parcel Number: 5090032013
  • Architectural Style: Modern
Location / Neighborhood
Location Information
  • Directions: South of Wilshire and West of Crenshaw.
View more facts & features

Local Los Angeles Agent

Sale History for 731 Crenshaw Blvd

Last sold for $1,325,000 on December 23rd, 2021

  • December, 2023

  • Dec 8, 2023

    Date

    Withdrawn

    CRMLS: 23328421

    $4,200

    Price

  • Nov 3, 2023

    Date

    Active

    CRMLS: 23328421

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Amazing location in Wilshire and Crenshaw! Brand NEW/Remodeled Approx +1600 SF- features 3 bedrooms and 3 bathrooms fully equipped kitchen with stainless steel appliances, a microwave and dishwasher, laminated flooring, a living room, and a dining area. All appliances are new, washer and dryer in the unit, 2+ parking spaces.

  • September, 2021

  • Sep 1, 2021

    Date

    Price Change

    CRMLS: 21773056

    $1,369,000

    Price

  • Aug 16, 2021

    Date

    Active

    CRMLS: 21773056

    $1,499,000

    Price

  • August, 2021

  • Aug 16, 2021

    Date

    Canceled

    CRMLS: 21732742

    $1,550,000

    Price

  • Jun 17, 2021

    Date

    Price Change

    CRMLS: 21732742

    $1,550,000

    Price

  • Jun 1, 2021

    Date

    Price Change

    CRMLS: 21732742

    $1,599,000

    Price

  • May 20, 2021

    Date

    Active

    CRMLS: 21732742

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 16 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves.

  • May, 2021

  • May 20, 2021

    Date

    Canceled

    CRMLS: 21683608

    $1,650,000

    Price

  • Mar 20, 2021

    Date

    Price Change

    CRMLS: 21683608

    $1,650,000

    Price

  • Mar 19, 2021

    Date

    Active

    CRMLS: 21683608

    $1,599,000

    Price

  • Mar 16, 2021

    Date

    Pending

    CRMLS: 21683608

    $1,599,000

    Price

  • Feb 8, 2021

    Date

    Price Change

    CRMLS: 21683608

    $1,599,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: 21683608

    $1,690,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing location in Wilshire and Crenshaw. Ideal for owner / user, investor or developer. The property has been used as a boarding house. The use code is Boarding / Rooming house with 8 beds and 5 baths, but with 16 beds and 8 baths. This property offers potential to be used for the purpose of the new owner. The property is within a block of the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC Tier 3 lot in Hancock Park, which allows to be built up to 15 units. The current income for this property is $11320 and the property will be delivered vacant at COE. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves.

  • January, 2021

  • Jan 12, 2021

    Date

    Expired

    CRMLS: 20581280

    $1,690,000

    Price

  • Jan 12, 2021

    Date

    Active

    CRMLS: 20581280

    $1,690,000

    Price

  • Oct 30, 2020

    Date

    Pending

    CRMLS: 20581280

    $1,690,000

    Price

  • Jul 22, 2020

    Date

    Price Change

    CRMLS: 20581280

    $1,690,000

    Price

  • May 21, 2020

    Date

    Active

    CRMLS: 20581280

    $1,479,000

    Price

  • Listing provided courtesy of CRMLS

    Great location!! The property has been used as a boarding house over 20 years. The use code is Boarding / Rooming House with 8 beds and 5 baths, but with 15 beds and 8 baths. The property is within walking distance to the Wilshire / Crenshaw Metro line station and is sitting on massive 7500 SF R3 TOC TIER 3 LOT in hancock park, which allows to be built up to 15 units. The current income for this property is $11320 per month. Please do not disturb occupants. The buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves.

  • May, 2020

  • May 6, 2020

    Date

    Canceled

    CRMLS: 19523962

    $1,479,900

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: 19523962

    $1,479,900

    Price

  • Jan 30, 2020

    Date

    Price Change

    CRMLS: 19523962

    $1,579,900

    Price

  • Nov 12, 2019

    Date

    Price Change

    CRMLS: 19523962

    $1,679,900

    Price

  • Oct 25, 2019

    Date

    Active

    CRMLS: 19523962

    $1,749,000

    Price

  • Listing provided courtesy of CRMLS

    Big price reduction!! The property is being used as a boarding house over 20 years. R3 Zone. Title shows 8 bed,5 bath but 14 bed,6 bath. Use Code is Residential Rooming/ Boarding house. Transit Oriented Communities(Tier 3). Walking distance Metro line station. Very good potential area.

  • April, 2002

  • Apr 8, 2002

    Date

    Sold (Public Records)

    Public Records

    $438,000

    Price

  • January, 2000

  • Jan 7, 2000

    Date

    Sold (Public Records)

    Public Records

    $345,000

    Price

Show More

Tax History for 731 Crenshaw Blvd

Assessed Value (2020): $1,621,800
Year Land Value Improved Value Assessed Value
2020 $1,297,440 $324,360 $1,621,800

Home Value Compared to the Market

This property vs the competition

731 Crenshaw Blvd sold on December 23, 2021 for 15.04% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $421.75 per/sqft which puts the price per square foot 44.14% lower than the current median sale per square foot for the city of Los Angeles.

About 731 Crenshaw Blvd

Detailed summary of property

731 Crenshaw Blvd is a multi family that recently sold in Los Angeles, CA 90005. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 3,246 living square feet, and sits on an approximately 7,500 square foot lot. 731 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on August 16, 2021. The homeowner sold the property for $1,325,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.04% higher than the current median priced home. Local homes that are currently for sale include 1144 S Kingsley Dr, 132 N Serrano Ave and 2201 Cambridge St. While the average home in Los Angeles, CA is selling in 94 days, 731 Crenshaw Blvd has a days on market of 35 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 731 Crenshaw Blvd Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 731 Crenshaw Blvd

Public county record property details
Beds
8
Baths
5
Year built
1920
Sq. Ft.
3,246
Lot Size
7,500
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5090-032-013

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

Thinking of Selling?

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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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