851 Crenshaw Boulevard, Los Angeles, California 90005, Los Angeles, 90005 - bed, bath

851 Crenshaw Boulevard, Los Angeles, California 90005 home-pic-0

851 Crenshaw Boulevard

Los Angeles, California 90005

ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,934Sq Ft
7,508Lot Size

Property Price

LIST PRICE$1,790,000

SUMMARY

Analysis of 851 Crenshaw Boulevard, Los Angeles, California 90005 is currently available with a list price of $1,790,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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 While the property is livable and appears structurally sound, the kitchen and bathrooms are significantly outdated and require substantial updates to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Income-Generating Triplex

    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.

  • Prime West Koreatown Location

    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.

  • ADU Conversion Potential

    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.

CONSRISKS & DEFICIENCIES

  • Historic Property Age (1921)

    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.

  • ADU Approval Uncertainty

    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.

  • Lack of Specific Modern Upgrades

    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.

About 851 Crenshaw Boulevard

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!

Property Details

Public Facts

Property Type
Triplex
Year Built
1921
Lot Size
7,508 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
0%
Baths--
0%
Square foot--
0%
Lot Size--
0%
Price--
0%
Price per sq ft--
0%
Built year1921-
0%
HOA$0$0
0%
Days on market--
0%

Pricing History

Listed for Sale

Sep 24, 2025

$1,790,000

Initial Listing

Price Change

May 16, 2025

$1,990,000

Initial Listing

Browse Properties by State Browse housing market trends by state