1929 Crenshaw, Los Angeles, California 90016, Los Angeles, 90016 - 7 bed, 4 bath

1929 Crenshaw, Los Angeles, California 90016 home-pic-0
ACTIVE$950,000
1929 Crenshaw, Los Angeles, California 90016
7Beds
4Baths
3,255Sqft
7,325Lot
Year Built
1912
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
OC25257133
Home ConditionPoor
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 4 Cons,5 Pros. Rank: price - $950.0K(32th), sqft - 3255(99th), beds - 7(99th), baths - 4(87th).

Featuring a total of 7 bedrooms and 3.5 bathrooms across multiple spaces — including a 3-bedroom/1.5-bath main unit on the first floor, a 3-bedroom/1-bath setup on the second floor, and a 1-bedroom/1-bath garage conversion — this property delivers exceptional flexibility and rental potential. This single-family residence is officially classified as SFR but currently divided into three separate income-producing units, generating $4,700 per month. The first floor serves as the primary living area, bright and spacious with its own private layout. The second floor is configured into two private units offering additional bedrooms and rental options. The detached garage has been thoughtfully converted into an independent unit, further maximizing cash flow opportunities. While the conversions are unpermitted, the SFR designation remains intact, providing future potential for updates or redevelopment. Situated in a rapidly growing Los Angeles neighborhood, the home offers excellent access to freeways, public transportation, and major hotspots such as Downtown, Koreatown, Mid-Wilshire, The Grove, LACMA, and the upcoming Lucas Museum. With consistent rental income and strong long-term appreciation trends, this property is ideal for investors or owner-users seeking supplemental income. The flexible layout, location, and upside potential make it a rare find. Schedule a showing today to explore this promising opportunity — perfect for Fixer or Flipping.

Price History

Date
Event
Price
11/13/25
Listing
$950,000
03/06/01
Sold
$185,000
11/23/99
Sold
$248,500
08/14/98
Sold
$135,000
Condition Rating
Poor

Built in 1912, this property is explicitly marketed as a 'Fixer or Flipping' opportunity, indicating a need for substantial repairs and rehabilitation. The description notes that 'significant renovations, repairs, and modernization will likely be required.' While no interior images are provided, the age of the property and the 'fixer' designation strongly suggest that the kitchen, bathrooms, and other major systems are outdated and in poor condition, requiring extensive work. The presence of unpermitted unit conversions further points to potential issues that need addressing.
Pros & Cons

Pros

High Rental Income & Investor Appeal: The property currently generates $4,700 per month from three separate units, offering exceptional income potential for investors or owner-users seeking supplemental income.
Strategic Los Angeles Location: Situated in a rapidly growing Los Angeles neighborhood with excellent access to freeways, public transportation, and major hotspots including Downtown, Koreatown, and the upcoming Lucas Museum.
Flexible Multi-Unit Configuration: Features a versatile layout with 7 bedrooms and 3.5 bathrooms across a main unit, a second-floor unit, and a garage conversion, providing significant flexibility for various living arrangements or continued rental operations.
Strong Long-Term Appreciation Trends: The property benefits from consistent rental income and strong long-term appreciation trends in a desirable Los Angeles market, indicating robust investment potential.
Redevelopment & Upside Potential: Despite current unpermitted conversions, the SFR designation offers significant potential for future updates, legalization, or redevelopment, appealing to value-add investors and flippers.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
Unpermitted Unit Conversions: The existing income-producing units (second floor and garage conversion) are unpermitted, posing legal and financial risks that may require costly legalization or remediation by the buyer.
Listed Above Estimated Value: The current list price of $950,000 is 8% higher than the estimated property value of $871,244.06, suggesting a potentially inflated asking price relative to market estimations.
Age and 'Fixer' Condition: Built in 1912 and explicitly marketed as 'perfect for Fixer or Flipping,' indicating that significant renovations, repairs, and modernization will likely be required, adding to the buyer's initial investment.

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