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.
Property Details
Price:
$2,150,000
MLS #:
26873363
Status:
Active
Beds:
9
Baths:
8
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Aug 20, 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
DINC, WINC
Levels
U
Exterior
Common Walls
_1CW
Direction Faces
E
Other Structures
SH
Parking Spots
16
Parking Total
16
View
CY
Financial
Map
Community
- Address2241 Crenshaw BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Aug 24, 2026
8,012
Single Family Listed
85
Avg DOM
430
Avg $ / SqFt
$1,558,813
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 $2,150,000 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 $456. The average price per square foot for Single Family listings in Los Angeles is $430. The average listing price for Single Family in Los Angeles is $1,558,813.
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2241 Crenshaw BL
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