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1929 Crenshaw Blvd, Los Angeles, CA 90016

List Price: $950,000On Market FlagOn market
Apr 21, 20253,255 sqft3 beds1 baths
Listed by: James Min
License #: 02128953
Phone #: 949-301-8888
Signature One Realty Group, Inc
Source:
CRMLS Logo
MLS #: OC25078602

Property Description

Huge Price reduction!!! This single-family home offers charm, versatility, and investment potential. Officially a single-family residence, it is divided into three separate units, generating $4,700 in monthly rental income. The main house on the first floor is spacious and well-lit, while the second floor features two private units. Additionally, the detached garage has been converted into an independent third unit, maximizing rental opportunities. Though the units are unpermitted, the property retains its single-family classification, allowing flexibility for future updates or development. Located in a rapidly growing Los Angeles neighborhood, it provides excellent access to freeways, public transportation, and popular areas like Downtown, Koreatown, and Mid-Wilshire. Surrounded by vibrant cultural and recreational amenities, including The Grove, LACMA, and the upcoming Lucas Museum, the area’s appeal continues to grow alongside rising property values. With steady income and long-term appreciation potential, this home is ideal for investors or homeowners seeking supplemental income. Its flexible layout and location in a thriving area make it a rare and valuable opportunity. Schedule a showing today to explore this promising property! It is perfect for Fixer or Flipping
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,937

TurboHome Estimated Value

$972,900

$299 sqft

High Valuation
$1,021,545
$314/sqft
Normal Valuation
$972,900
$299/sqft
Low Valuation
$924,255
$284/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$299/sqft$972,900

Neighborhood: Mid City

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Comparative Value

$810K

$849K

$875K

$940K

$1.02M

2024 8th Ave, Los Angeles, CA 90018

Sale Price: $810,000

Selected Comparable

2106 5th Ave, Los Angeles, CA 90018

Sale Price: $849,000

Selected Comparable

1243 S Hoover St, Los Angeles, CA 90006

Sale Price: $875,000

Selected Comparable

1621 La Fayette Rd, Los Angeles, CA 90019

Sale Price: $940,000

Selected Comparable

1929 Crenshaw Blvd, Los Angeles, CA 90016

List Price: $950,000

Subject Property

2274 W 21st St, Los Angeles, CA 90018

Sale Price: $1,025,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1929 Crenshaw Blvd, Los Angeles, CA 90016

1929 Crenshaw Blvd, Los Angeles, CA 90016

List: $950,000

Listed: 4/21/2025

Area:3,255 sqft
Price/sqft:$292
Beds:3
Baths:1
Year Built:
Lot Size:7,325

Comparable Properties

COMPARABLE
Choose comps
2106 5th Ave, Los Angeles, CA 90018

2106 5th Ave, Los Angeles, CA 90018

Sale: $849,000

5/8/20250.57 mi

Area:2,907 sqft
Price/sqft:$292
Beds:3
Baths:1
Year Built:
Weight:25.5%
2024 8th Ave, Los Angeles, CA 90018

2024 8th Ave, Los Angeles, CA 90018

Sale: $810,000

10/3/20240.36 mi

Area:2,685 sqft
Price/sqft:$302
Beds:3
Baths:
Year Built:
Weight:20.1%
1243 S Hoover St, Los Angeles, CA 90006

1243 S Hoover St, Los Angeles, CA 90006

Sale: $875,000

3/25/20252.78 mi

Area:3,116 sqft
Price/sqft:$281
Beds:4
Baths:1
Year Built:
Weight:19.1%
2274 W 21st St, Los Angeles, CA 90018

2274 W 21st St, Los Angeles, CA 90018

Sale: $1,025,000

5/21/20251.02 mi

Area:3,048 sqft
Price/sqft:$336
Beds:4
Baths:2
Year Built:
Weight:17.8%
1621 La Fayette Rd, Los Angeles, CA 90019

1621 La Fayette Rd, Los Angeles, CA 90019

Sale: $940,000

5/14/20250.47 mi

Area:2,865 sqft
Price/sqft:$328
Beds:4
Baths:2
Year Built:
Weight:17.6%

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