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$1,690,000

Beds
13
Baths
6.75
sq ft
2,863

1721 Crenshaw Blvd, Los Angeles, CA 90019

1721 Crenshaw Blvd

Los Angeles, CA 90019

  • 61 days on market
    • Price drop $100,000↓
Price Reduction of $100,000! This fully remodeled 13-bedroom, 8-bathroom single-family residence. It presents a prime opportunity for owner-users, non-profit organizations, investors, or developers seeking a profitable income stream and/or development potential. Currently, three properties (1717, 1721, and 1709 Crenshaw Blvd.) are on the market, offering the potential for larger apartment or condo developments. The property is equipped with a solar system, kitchen appliances, wood laminate floors, and more. A previous MLS listing (MLS#20-641425) proposed a 45-unit + 20-unit development on the 22,416 sq. ft. lot. Buyers are strongly advised to independently verify all aspects of the property and the accuracy of the information through inspection and consultation with appropriate professionals. Neither the Seller nor the Brokers guarantee the MLS information. Additionally, the property offers ample parking spaces with approximately 10+ spots available in the front and back yards. It is not located in an HPOZ and is conveniently situated near Downtown Los Angeles, Korea town, USC campus, with easy access to the 10 and 110 freeways.

Details

Property type

Single Family Residence

Property condition

Updated/Remodeled

Lot size

7,483 sq ft

Price per sq ft

$591

Year built

1923

HOA

No

Price History

12/05/2024
CLAW

CLAW #24454323

Price change
$1,690,000
-5.59%
11/15/2024
CLAW

CLAW #24454323

Removed
$1,790,000
10/14/2024
CLAW

CLAW #24454323

Listed
$1,790,000
+5.92%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jimmy B Ko

Loan start date

December 2022

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.94%

Loan type

Commercial

Seller

Kyo Soon Lee and Yea Hyang Lee

Lender

Americas Wholesale Lender

Loan start date

January 2006

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Negative Amortization, 30 year

Seller

Yea Hyang Lee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/18/2024 at 10:50 AM

Listing updated: 12/13/2024 at 3:57 PM

Listed by: Julie Lee, I & J Properties, Inc. Phone #: (310) 570-2588

MLS: CLAW #24454323

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