Score
0Los Angeles, CA
1802 Crenshaw Blvd
999K
8 beds
3 baths
6,804 sqft
8 bd • 3 ba • 6,804 sf
This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$999,000
Price/Sq.Ft
$147
Year Built
1915
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large lot size: The property sits on a 14,756 sq. ft. lot, which is significantly larger than the average lot size in the Mid-City area of Los Angeles (typically 5,000-7,000 sq. ft.). This provides ample space for potential expansion or development, subject to zoning regulations.
• Potential for rental income: The property includes a detached 2-bedroom guest unit, offering immediate potential for rental income. Based on local rental rates ($2,240 for a 2-bedroom unit), this could generate approximately $26,880 in annual income.
• Low flood and fire risk: The property has minimal flood (1/10) and fire risk (1/10), reducing the need for expensive insurance coverage. The estimated insurance cost of $3596.4/year reflects this lower risk profile compared to properties in high-risk zones.
The Bad
• Below-average school ratings: The property is served by schools with ratings of 2-4/10, which is significantly lower than the Los Angeles average. This may deter families with children and negatively impact resale value. Comparable properties in areas with schools rated 7/10 or higher typically sell for 10-15% more.
• High property crime rates: The property crime rate in the area is 2386.5 per 100,000 residents, which is 158.7% higher than the California average and 210.1% higher than the national average. This poses a significant security risk and could impact insurance costs.
• Major air quality and heat risks: The property has a 'Major' air quality risk (5/10) with 7 bad air days per year and a 'Major' heat risk (6/10) with 7 hot days per year (above 89°F). This could impact comfort and require additional investment in air filtration and cooling systems.
The Ugly
• Significant price reduction: The property was initially listed for $3,800,000 in March 2023, but is now listed at $999,000 – a 73.7% decrease. This drastic price reduction suggests significant underlying issues or a highly distressed sale situation.
• Unknown property condition: The listing relies heavily on 'See Remarks,' indicating a lack of detailed information about the property's condition, utilities, and systems. This lack of transparency poses a significant risk to potential buyers, who may encounter unexpected repair costs. The photos suggest deferred maintenance and potential structural issues.
• High total crime rate: The total crime rate in the area is 2957.5 per 100,000 residents. While the safety score is 50/100, the violent crime rate is 16.8% higher than the state average and 7.2% higher than the national average. This raises serious safety concerns for potential residents.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking a large property with significant renovation potential in the Mid-City area of Los Angeles. The existing duplex configuration, with a 6-bedroom main house and a 2-bedroom guest unit, offers flexibility for rental income generation after necessary upgrades.
• Buyers comfortable with a high-risk, high-reward real estate investment. The property's condition and the auction format suggest a potential for value appreciation after substantial renovations and modernization.
• Developers interested in a large lot (14,756 sq. ft.) in a desirable location. The size and zoning (not specified, but assumed to allow for multi-unit dwellings) may allow for further development or expansion, subject to city approval and compliance with local zoning codes.
Not For
• Buyers seeking a move-in-ready property. The description and price reduction strongly suggest the property requires extensive renovations and may not be habitable in its current condition.
• Families prioritizing top-rated schools. The local schools have below-average ratings (2-4/10), which may not meet the needs of families with children.
• Buyers with limited renovation budgets. The age of the property (1915) and its description suggest significant upgrades are needed, potentially exceeding the financial capacity of some buyers.
Demographics
Area Median Income
$61,616
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 29, 1996V Richard CunninghamV Richard Cunningham, Helen I Cunningham
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$6,788
2024 Tax Assessment
1.7%from previous year
Assessed Value$488,065
Tax Rate1.39%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.1/10
AverageMiddle
5.3/10
AverageHigh
3.9/10
Below AverageFinancials
Monthly Costs
Market Rent (8 bed)
Get a detailed estimate on Zillow$1,550
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