851 Crenshaw Boulevard, Los Angeles, California 90005, Los Angeles, 90005 - 0 bed, 0 bath
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Los Angeles, California 90005
This Triplex Income Property represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,790,000, which aligns with its $1,790,000 Fair Market Value. While the property maintains a Fair Condition Rating due to dated interiors, its prime West Koreatown location and potential for ADU conversion offer significant value-add upside. The spacious main unit provides an ideal living arrangement for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income. This versatile asset is positioned for long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 851 Crenshaw Boulevard Subject | $1,790,000* List Price | 0 | 0 | 3,934 | $455 | - |
A 727 Crenshaw Active | $2,150,000 List Price | 0 | 0 | 4,138 | $520 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this property is well-maintained for its age, as indicated by the description and the condition of the hardwood floors and exterior. However, the kitchen features dated wood cabinets, older white appliances, and ceramic tile flooring, suggesting a renovation from 30+ years ago or original components. The bathroom, while functional with a double vanity and tiled shower, also exhibits a style consistent with renovations from 15-30 years ago. While the property is livable and appears structurally sound, the kitchen and bathrooms are significantly outdated and require substantial updates to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
This property is an impeccably maintained 3-unit income property, offering solid rental income from all units, making it highly attractive for investors or owner-users seeking immediate cash flow.
Situated in a highly desirable West Koreatown neighborhood, the property boasts excellent access to transit, diverse shops, and dining, ensuring strong tenant demand and long-term appreciation.
The property presents a potential Accessory Dwelling Unit (ADU) opportunity, which could significantly enhance future value and rental income, subject to buyer verification and city approval.
Built in 1921, the property's age, despite being well-maintained, may imply older infrastructure, systems (plumbing, electrical), and potential for costly updates or deferred maintenance not explicitly detailed.
The ADU opportunity is contingent on 'buyer verification and city approval,' meaning it is not a guaranteed feature and requires additional due diligence, time, and potential investment from the buyer.
While described as 'well-kept,' the listing does not detail specific recent renovations or modern system upgrades, which could be a concern for buyers seeking contemporary finishes or updated mechanicals in a property of this age.
Priced to sell! Recently reduced! Great value for this home. Situated in prime West Koreatown, Los Angeles, this impeccably maintained 3-unit income property presents a rare opportunity for owner-users or investors. Potential ADU opportunity, subject to buyer verification and city approval. It features a spacious 3-bedroom, 2-bath main unit with a bonus den that lives like a single-family home—complete with a cozy fireplace, formal dining room with built-ins, a large kitchen with a service porch, and direct access to ample parking. The additional 2-bedroom, 2-bath and 1-bedroom, 1-bath units are equally well-kept, filled with natural light, and offer solid rental income. Ideally located with convenient access to transit, shops, and dining, this is a versatile property with long-term value in one of LA’s most desirable neighborhoods. Price improvement—motivated seller!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,934 | 2,250 |
| Lot Size | 7,508 | 5,864 |
| Price | $1.79M | $826.7K |
| Price per sq ft | $455 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 432 | 83 |
Sep 24, 2025
$1,790,000
Initial Listing
May 16, 2025
$1,990,000
Initial Listing