$2,150,000

2241 Crenshaw Boulevard, Los Angeles, CA 90016

  • 4,720 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon0.33acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $456/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

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.

Listing Status:
Active
Date Added:
August 12, 2026
Data Last Updated:
August 24, 2026 at 1:08PM
Listing Office:
Equity Union :
Listing Agent:
Joshua Yeager : 818-741-8010
MLS ID:
CL26873363
  • Appliances: Dryer
  • Laundry: DryerWasher
  • Parking: Int Access From GarageOtherPrivateSide By SideUncovered Parking Space
  • County: Los Angeles
  • Zoning: LAR35061021038
  • View: OtherView

This listing courtesy of Joshua Yeager , Equity Union

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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