8-Unit Apartment
For Sale
$1,900,000
2241 Crenshaw Blvd, Los Angeles, CA 90016
Residential Income, Los Angeles, CA
Property Size4,720 SF
Lot Size0.33 Acres
Price / SF$402.54
Days on Market59
Property Features for 2241 Crenshaw Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
9
Bathrooms
8
Full bathrooms
3
Rooms
Bedroom 9, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking
16
Parking features
Side By Side, Gated, Driveway, Oversize, Covered
Lot features
Back Yard, Front Yard, Fenced Yard, Fenced, Yard, Raw Land, Value In Land, Lot- Level/ Flat
Directions
.
Subdivision
Mid Los Angeles
Standard status
Active
APN
5061-021-038
Size
4,720 SF
Lot size
0.33 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1927
Floors in Building
2
Number of units
8
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Joshua Yeager · License #01979446
(818) 741-8010
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 9 at 1:06PM
MLS# 26873363
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2241 Crenshaw Blvd in Los Angeles, this 8-unit apartment property was built in 1927 and includes a mix of 2 studios, 5 one-bedroom units, and 1 two-bedroom unit. Seven units are currently vacant. Property features include window-unit cooling and gated, covered parking with side-by-side spaces, an oversized driveway, and additional parking area.
The 0.3253-acre site includes approximately 6,000 square feet of open backyard area measuring roughly 60 feet by 100 feet. It qualifies for up to 8 detached, fully non-rent-controlled ADUs under SB 1211 and carries a TOC Tier 3 designation with up to a 70% density bonus. The site may support construction of up to 31 units by right under its LAR3 zoning.
The property is positioned along the Crenshaw corridor near the Mid-City and West Adams submarkets, with access to the Metro E Line, I-10, and retail and dining along Crenshaw and Washington. Nearby businesses include Starbucks, Planet Fitness, CVS, Ross, and Five Guys.
The 0.3253-acre site includes approximately 6,000 square feet of open backyard area measuring roughly 60 feet by 100 feet. It qualifies for up to 8 detached, fully non-rent-controlled ADUs under SB 1211 and carries a TOC Tier 3 designation with up to a 70% density bonus. The site may support construction of up to 31 units by right under its LAR3 zoning.
The property is positioned along the Crenshaw corridor near the Mid-City and West Adams submarkets, with access to the Metro E Line, I-10, and retail and dining along Crenshaw and Washington. Nearby businesses include Starbucks, Planet Fitness, CVS, Ross, and Five Guys.
Key Highlights
- 8‑unit apartment property with 2 studios, 5 one‑bedroom units, and 1 two‑bedroom unit
- 7 of 8 units currently vacant
- 0.3253‑acre site with approximately 6,000 SF of open backyard area
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - LAR3-zoned property with covered gated parking and substantial redevelopment potential.
Where is this apartment building located?
The property is located at 2241 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8‑unit apartment property with 2 studios, 5 one‑bedroom units, and 1 two‑bedroom unit; 7 of 8 units currently vacant; 0.3253‑acre site with approximately 6,000 SF of open backyard area
