2241 Crenshaw Boulevard, Los Angeles, CA 90016

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2241 Crenshaw Boulevard,Los Angeles, CA 90016
$1,900,000
  • 9 Beds
  • 8 Baths
  • 4,720 sq. ft.
  • Multi-family
  • Active
Listed by: joshua yeager
Office: equity union
MLS#:26873363
Source:CRMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$402.54

About this home

Equity Union Commercial is pleased to present 2241 Crenshaw Blvd, an 8-unit multifamily investment opportunity in the heart of Los Angeles' Mid-City/West Adams submarket. Built in 1927, the property features a well-balanced unit mix of 2 studios, 5 one-bedrooms, and 1 two-bedroom unit, with 7 of the 8 units currently vacant giving a new owner the ability to bring units online at market rents from day one rather than working through existing tenancies. Seller Open To Seller Carry Financing. This property qualifies for up to 8 detached, fully non-rent-controlled ADUs under SB 1211, with roughly 6,000 SF of open backyard space (approximately 60' x 100') available for development. The site also carries meaningful development upside: it is zoned LAR3 with a TOC Tier 3 designation, supporting up to a 70% density bonus and the potential to build up to 31 units by-right. Combined, these entitlements offer a rare opportunity to double the unit count on one of the last remaining large-lot...

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Home facts

  • Year built:1927
  • Listing ID #:26873363
  • Added:57 day(s) ago
  • Updated:October 14, 2026 at 11:18 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Living area:4,720 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:4,720 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Back Yard, Front Yard, Value In Land, Yard
  • Levels:2 Story

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$402.54

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:16
  • Parking description:Direct Access, Driveway, Garage, Gated, Oversized, Private, Shared Driveway, Side By Side, Uncovered
  • Garage:Yes
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