2241 Crenshaw Boulevard, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
2241 Crenshaw Boulevard,Los Angeles, CA 90016
$2,150,000
- 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:$2,150,000
- Price per sq. ft.:$455.51
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. 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 opportunities along this corridor. The property sits along the Crenshaw corridor at the border of Mid-City and West Adams. The location offers convenient access to the Metro E (Expo) Line, the I-10 Freeway, and everyday retail and dining along Crenshaw & Washington, including Starbucks, Planet Fitness, CVS, Ross, and Five Guys all within close proximity to Johnnie L. Cochran Jr. Middle School....
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Home facts
- Year built:1927
- Listing ID #:26873363
- Added:10 day(s) ago
- Updated:August 28, 2026 at 02:38 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Kitchen Description:Washer
- 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:$2,150,000
- Price per sq. ft.:$455.51
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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