8-Unit Apartment
For Sale
$2,150,000
2241 Crenshaw Blvd, Los Angeles, CA 90016
LAR3 zoning and TOC Tier 3 designation support substantial additional residential development capacity.
Property Size4,720 SF
Price / SF$455.51
Days on Market13
Property Features for 2241 Crenshaw Blvd
General Information
Standard status
Active
Size
4,720 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
4,720 SF
Year Built
1927
Listing Agency:
Equity Union
(818) 741-8010
Listed By:
Joshua Yeager · License #01979446
Source:
Benbelack
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 23 at 8:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
Investment Insights
Based on property information with market context.
Built in 1927, this 8-unit apartment property includes 2 studios, 5 one-bedroom apartments, and 1 two-bedroom apartment. Seven units are vacant, providing immediate leasing flexibility. The building contains 4,720 square feet, and approximately 6,000 square feet of open rear yard area measures about 60 feet by 100 feet.
The property is zoned LAR3 and carries a TOC Tier 3 designation, with potential for a 70% density bonus and development of up to 31 units by-right. The site also qualifies for up to 8 detached, fully non-rent-controlled ADUs under SB 1211.
Located on Crenshaw Boulevard at the Mid-City and West Adams boundary, the property offers access to the Metro E (Expo) Line and I-10 Freeway. Nearby retail and dining includes Starbucks, Planet Fitness, CVS, Ross, and Five Guys, with Johnnie L. Cochran Jr. Middle School also in close proximity.
The property is zoned LAR3 and carries a TOC Tier 3 designation, with potential for a 70% density bonus and development of up to 31 units by-right. The site also qualifies for up to 8 detached, fully non-rent-controlled ADUs under SB 1211.
Located on Crenshaw Boulevard at the Mid-City and West Adams boundary, the property offers access to the Metro E (Expo) Line and I-10 Freeway. Nearby retail and dining includes Starbucks, Planet Fitness, CVS, Ross, and Five Guys, with Johnnie L. Cochran Jr. Middle School also in close proximity.
Key Highlights
- 8‑unit building with 2 studios, 5 one‑bedrooms, and 1 two‑bedroom unit
- Seven of 8 units are vacant
- 4,720 SF building constructed in 1927
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - LAR3 zoning and TOC Tier 3 designation support substantial additional residential development capacity.
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 $2,150,000.
What are key features of this property?
This property features: 8‑unit building with 2 studios, 5 one‑bedrooms, and 1 two‑bedroom unit; Seven of 8 units are vacant; 4,720 SF building constructed in 1927
