tomo logo

$1,790,000

Beds
13
Baths
6.75
sq ft
2,863

1721 Crenshaw Blvd, Los Angeles, CA 90019

1721 Crenshaw Blvd

Los Angeles, CA 90019

  • 27 days on market
This completely remodeled 13-bedroom and 8- bathroom single-family residence is permitted as 'BOARDING HOUSE 'and is move-in ready. It's an idea opportunity for owner-users, non-profit organizations, investors, or developers seeking a lucrative income stream and/or opportunity. Currently three properties (1717, 1721, 1709 Crenshaw Blvd.) are on the market for sale, offering the potential to develop larger apartment or condo projects. The property is equipped with a solar system, kitchen appliances, wood laminate floors, and more. According to a previous MLS listing (MLS#20-641425), a 45-unit + 20-unit development project was proposed on the 22,416 sf. Lot. Buyers are strongly advised to independently verify all aspect of the property and the accuracy of the information provided through inspection and consultation with appropriate professionals. Neither the Seller nor the Brokers guarantee the MLS information. Additionally, the property features ample parking spaces in both the front and back yards with approximately 10+ parking spots available. It is not an HPOZ and is conveniently located near Downtown Los Angeles, Korea town, USC campus, and offers easy access to the 10, 110 freeways.

Details

Property type

Single Family Residence

Property condition

Updated/Remodeled

Lot size

7,483 sq ft

Price per sq ft

$626

Year built

1923

HOA

No

Price History

10/14/2024
CLAW

CLAW #24454323

Listed
$1,790,000
+5.92%
10/10/2024
CLAW

CLAW #24427845

Removed
$1,690,000
08/20/2024
CLAW

CLAW #24427845

Listed
$1,690,000
-13.29%

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: 11/15/2024 at 4:35 AM

Listing updated: 10/22/2024 at 6:15 PM

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

MLS: CLAW #24454323

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