About 2241 Crenshaw Boulevard
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.
Features of 2241 Crenshaw Boulevard
| MLS® # | 26873363 |
|---|---|
| Price | $2,150,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 4,720 |
| Lot Size | 14,164 |
| Year Built | 1927 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 2241 Crenshaw Boulevard |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90016 |
Amenities
| Parking Spaces | 16 |
|---|---|
| Parking | Direct Access, Driveway, Garage, Gated, Oversized, Private, Shared Driveway, Side By Side, Uncovered |
| Garages | Direct Access, Driveway, Garage, Gated, Oversized, Private, Shared Driveway, Side By Side, Uncovered |
| View | Courtyard |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Washer |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Back Yard, Front Yard, Value In Land, Yard |
|---|
Additional Information
| Date Listed | August 12th, 2026 |
|---|---|
| Days on Market | 28 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Joshua Yeager |
|---|---|
| Office | Equity Union |