2241 Crenshaw Blvd, is 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 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.
Property Details
Price:
$1,800,000
MLS #:
26873363
Status:
Active
Beds:
9
Baths:
8
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Aug 17, 2026
Finished Sq Ft:
4,720
Total Sq Ft:
4,720
Lot Size:
14,164 sqft / 0.33 acres (approx)
Year Built:
1927
See this Listing
Schools
Interior
Laundry Features
Washer Included, Dryer Included
Levels
Two
Exterior
Common Walls
1 Common Wall
Direction Faces
East
Lot Features
Front Yard, Back Yard, Yard, Value In Land
Open Parking YN
1
Other Structures
Shed(s)
Parking Features
Gated, Direct Access, Private, Shared Driveway, Driveway, Side By Side, Open, Oversized
Parking Spots
16
Parking Total
16
Stories
2
View
Courtyard
Financial
Map
Community
- Address2241 Crenshaw BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 27003
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Bungalow Land
- Canyon Shores
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Downtown
- Elysian Valley
- Floristan Hts
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Lago Vista
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Picfair Village
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Walter’s Moneta Ave and Figueroa St Tract
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 04, 2026
5,364
Single Family Listed
99
Avg DOM
526
Avg $ / SqFt
$1,978,422
Avg List Price
Property Summary
- 2241 Crenshaw BL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90016. It is listed for $1,800,000 and features 9 beds, 8 baths, and has approximately 4,720 square feet of living space, and was originally constructed in 1927. The current price per square foot is $381. The average price per square foot for Single Family listings in Los Angeles is $526. The average listing price for Single Family in Los Angeles is $1,978,422.
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2241 Crenshaw BL
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