1717 Crenshaw Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 7 bed, 3 bath
ACTIVE$1,849,000
1717 Crenshaw Boulevard, Los Angeles, California 90019
7Beds
3Baths
2,755Sqft
7,473Lot
Year Built
1909
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
24372911
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 16% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.85M(80th), sqft - 2755(89th), beds - 7(97th), baths - 3(58th).
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 13bedrooms and 8 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!
Price History
Date
Event
Price
02/14/25
Sold
$1,550,000
Condition Rating
Fair
The property, built in 1909, is well over a century old. While it appears to be maintained and functional, especially for its stated use as a short-term rental, the kitchen and bathrooms are significantly dated. The kitchen features older white cabinets and basic countertops, lacking modern appliances or finishes. Bathrooms are basic with standard vanities and fixtures, and fiberglass tub/shower combos. The flooring (laminate/engineered wood) seems to be a more recent update and is in good condition, but this doesn't compensate for the overall outdated aesthetic of the core areas. The light fixtures are also basic and somewhat dated. The property requires minor updates to bring it to current standards, fitting the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
High Investment Potential: The property is explicitly marketed as an 'amazing investment with 9.5% Cap' and a 'lucrative income opportunity' for short-term rentals, indicating strong cash flow potential.
Prime Central Location: Strategically located 'close to 10FWY and Koreatown, USC, DTLA,' offering excellent accessibility to major attractions and business hubs, highly desirable for short-term renters.
High Occupancy Capacity: With 7 bedrooms and 3 bathrooms (based on structured data), the property offers a substantial capacity for accommodating multiple guests or groups, maximizing short-term rental income.
Well-Maintained Condition: Described as a 'beautifully maintained property,' suggesting it is in good condition and potentially ready for immediate rental operations, minimizing initial renovation costs.
Desirable City Lights View: The property boasts a 'City Lights' view, which is an attractive amenity that can enhance guest experience and command higher rental rates.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-02-14. The sold price is $1,550,000.00.
Inconsistent Property Details: There is a significant discrepancy between the description stating '13 bedrooms and 8 bathrooms' and the structured data showing '7 beds and 3 baths,' which requires immediate clarification and could mislead potential buyers.
Apparent Overpricing: The current listing price of $1.849M is approximately 16% higher than the estimated property value of $1.55M, suggesting the property may be overpriced relative to market valuations.
Advanced Age of Structure: Built in 1909, the property is over a century old, which may imply higher ongoing maintenance costs, potential for outdated infrastructure, and the need for future capital expenditures to maintain its condition and appeal.