1802 Crenshaw Blvd

• Significant renovation costs: Given the age of the property (built in 1915), buyers should anticipate substantial expenses for upgrades to electrical, plumbing, and structural systems. These costs could easily exceed $200,000-$300,000, depending on the scope of the project. • High crime rates: The property is located in an area with significantly higher property crime rates compared to state and national averages (158.7% and 210.1% higher, respectively). This could impact insurance rates and require additional security measures, adding to the overall cost of ownership. • Below-average school ratings: The local schools have ratings of 2-4/10, which may deter families with children and impact future resale value. Homes in areas with top-rated schools typically command a premium of 10-20% in Los Angeles. • Air quality and heat risks: The property faces 'Major' air quality (5/10) and heat risks (6/10), potentially requiring investment in air filtration systems and energy-efficient cooling solutions. The 7 bad air days/year and 7 hot days/year (above 89°F) could impact comfort and require additional mitigation measures. • Auction uncertainties: As a 'Family Trust Auction,' the final sale price and terms may be unpredictable. Buyers should be prepared for potential bidding wars and the possibility of paying a premium above the listed price.