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West Koreatown Income Property
For Sale
$1,790,000

851 Crenshaw Boulevard, Los Angeles, CA 90005

Well-maintained 3-unit property in prime West Koreatown, Los Angeles.

Property Size3,934 SF
Days on Market475

Property Features for 851 Crenshaw Boulevard

General Information

Standard status Active
Size 3,934 SF
Property subtype Triplex

Building Details

Building Size 3,934 SF
Year Built 1921
Listing Agency: New Star Realty & Investment
Listed By: Young Hong · License #01967916
Source: Truthrealty
Added: May 16, 2025 Changed: Aug 28 Last Checked: Aug 30 at 9:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Star Realty & Investment

Investment Insights

Based on property information with market context.

Located in West Koreatown, Los Angeles, this 3-unit income property is suitable for owner-users or investors. The property features a spacious 3-bedroom, 2-bath main unit with a bonus den. The main unit includes a fireplace, a formal dining room with built-ins, a large kitchen with a service porch, and direct access to ample parking. Additionally, there is a 2-bedroom, 2-bath unit and a 1-bedroom, 1-bath unit. The units are filled with natural light and offer rental income. The property has convenient access to transit, shops, and dining.

Key Highlights

  • Prime West Koreatown location with convenient access to transit, shops, and dining.
  • Impeccably maintained 3‑unit income property suitable for owner‑users or investors.
  • Spacious 3‑bedroom, 2‑bath main unit features a bonus den, fireplace, formal dining room, and direct access to ample parking.

Property Analytics

Current Use

Universal Service Maintenance Construction Company

Suggested Use

Top Pick Veterinary Clinic Carpet & Flooring Store Locksmith Tanning Salon Pet Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,648
Businesses Nearby

Demographics for 90005, CA

37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained 3-unit property in prime West Koreatown, Los Angeles.
Where is this triplex located?
The property is located at 851 Crenshaw Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Prime West Koreatown location with convenient access to transit, shops, and dining.; Impeccably maintained 3‑unit income property suitable for owner‑users or investors.; Spacious 3‑bedroom, 2‑bath main unit features a bonus den, fireplace, formal dining room, and direct access to ample parking.
More about this property
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