2241 Crenshaw BL
Los Angeles, CA, 90016
$2,150,000
9 Beds
8 Baths
4,720 SqFt
0.33 Acres
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MLS #26873363 image #0
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
C16 – Mid Los AngelesC16midlosangelesCourtyard

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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

Gross Operating Income
$189,421
Net Operating Income
$129,144

Map

Community

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
Los Angeles, CA