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

851 Crenshaw Boulevard, Los Angeles, California 90005 home-pic-0
ACTIVE$1,790,000
851 Crenshaw Boulevard, Los Angeles, California 90005
0Bed
0Bath
3,934Sqft
7,508Lot
Year Built
1921
Close
-
List price
$1.79M
Original List price
$1.99M
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
SR25110233
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

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!

Price History

Date
Event
Price
09/24/25
Price Change
$1,790,000
05/16/25
Listing
$1,990,000
Condition Rating
Poor

Built in 1921, this property features a kitchen that is extremely dated, with old-style wood cabinets, worn countertops, older white appliances (including a visible washer/dryer but no dishwasher), and dated tile flooring. The lighting fixture is also very old. While the property is described as 'impeccably maintained,' the visual evidence of the kitchen, combined with the property's age and the lack of specific modern upgrades mentioned, indicates that major components like the kitchen and likely the bathrooms (no images provided, but inferred to be similar) require substantial renovation and rehabilitation to meet current standards. The property's age also implies older infrastructure and systems that will likely require significant upgrades or replacements.
Pros & Cons

Pros

Income-Generating Triplex: This property is a 3-unit income property (Triplex) offering solid rental income, making it an attractive investment for both owner-users and investors.
Prime West Koreatown Location: Situated in a prime West Koreatown location, one of LA's most desirable neighborhoods, with convenient access to transit, shops, and dining.
Versatility & ADU Potential: The property caters to both owner-users and investors, with potential for an Accessory Dwelling Unit (ADU) opportunity, adding future value and flexibility.
Well-Maintained & Spacious Main Unit: Described as 'impeccably maintained,' the main 3-bedroom, 2-bath unit lives like a single-family home with a bonus den, fireplace, formal dining, large kitchen, and ample parking. The additional units are also well-kept.
Motivated Seller & Price Reduction: Recently reduced in price and marketed as 'priced to sell' by a 'motivated seller,' indicating a potential buying opportunity and room for negotiation.

Cons

Age of Property: Built in 1921, the property's age may imply older infrastructure and systems that could require future maintenance or upgrades, despite being well-maintained.
ADU Potential Uncertainty: While an ADU opportunity is mentioned, it is 'subject to buyer verification and city approval,' meaning it's not a guaranteed value-add without further due diligence and potential costs.
Lack of Specific Modern Upgrades: Although well-kept, the description does not detail specific modern upgrades to kitchens, bathrooms, or major systems (e.g., HVAC) across all units, which some buyers might expect in this price range and location.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state