1502 Crenshaw Blvd

Los Angeles, CA 90019 View Map $1,350,000 Schedule a Tour
Beds4
Baths1
Sq.Ft.2,542
Year1923
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(323) 678-9004

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Status: Active
Property Type:Single Family Residence
MLS #:BB21183137
Sq. Feet:2,542
On Site:91 Days
Lot Size:7,102 Sq. Ft.
County:Los Angeles
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!

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Detailed Maps

Community Information

Address:1502 Crenshaw Blvd Los Angeles, CA 90019
School System:Los Angeles Unified
Zip Code:90019

Architecture

Bedrooms: 4
Bathrooms: 1
Year Built:1923
Stories:1
Style:House
Total Units: 1

Features / Amenities

Common Walls: No Common Walls
Heating: Central

Rooms

Kitchen
Living Room

Property Features

Lot Size: 0.16 Acres / 7,102 Sq. Ft.
Lot Features: Level, Street Level
View: Neighborhood
Sewer: Public Sewer
Water: Public
Road Frontage: City Street
Road Surface: Paved
Zoning:LAR3
Directions:Located on Crenshaw, South of Pico

Tax and Financial Info

Terms: Submit
Land Lease: No

Listing Agent/Office

Listing provided courtesy of Elizabeth Maddox, The 2-4 Unit Specialists.

Schools

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1502 Crenshaw Blvd Los Angeles, CA 90019
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1502 Crenshaw Blvd Los Angeles, CA 90019
 
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Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2021. 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. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at .

Description: The home at 1502 Crenshaw Blvd Los Angeles, CA 90019 with the MLS Number BB21183137 is currently listed at $1,350,000 and has been on the Los Angeles market for 90 days.

GeoCoordinates:
-118.327553
34.045617

List Price: $1,350,000

You are viewing the MLS property details of the home for sale at 1502 Crenshaw Blvd Los Angeles, CA 90019, which includes 4 bedrooms, 1 bathrooms and has approximately 2542 sq.ft. of living area.