8-Unit Apartment
For Sale
$2,150,000
2241 Crenshaw Blvd, Los Angeles, CA 90016
Residential Income, Los Angeles, CA
Property Size4,720 SF
Lot Size0.33 Acres
Price / SF$455.51
Days on Market13
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
Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 3, Bedroom 8, Bathroom 7, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 9, Bathroom 8, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 6
Parking
16
Parking features
Covered, Driveway, Oversize, Side By Side, Gated
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: Aug 20
Last Checked: Aug 24 at 12:06PM
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, this 4,720-square-foot apartment property contains eight units: two studios, five one-bedroom units, and one two-bedroom unit. Constructed in 1927, the building has window-unit cooling and covered, gated parking with driveway access. Seven units are currently vacant, while one remains occupied.
The 0.3253-acre site is zoned LAR3 and carries a TOC Tier 3 designation. The property information identifies potential for up to 31 units by right, along with eligibility for up to eight detached, fully non-rent-controlled ADUs under SB 1211. Approximately 6,000 SF of backyard area, measuring about 60' x 100', is available for development.
The property is positioned on the Crenshaw corridor near the Mid-City and West Adams areas of Los Angeles. The Metro E Line, I-10, and retail and dining along Crenshaw and Washington are nearby, including Starbucks, Planet Fitness, CVS, Ross, and Five Guys.
The 0.3253-acre site is zoned LAR3 and carries a TOC Tier 3 designation. The property information identifies potential for up to 31 units by right, along with eligibility for up to eight detached, fully non-rent-controlled ADUs under SB 1211. Approximately 6,000 SF of backyard area, measuring about 60' x 100', is available for development.
The property is positioned on the Crenshaw corridor near the Mid-City and West Adams areas of Los Angeles. The Metro E Line, I-10, and retail and dining along Crenshaw and Washington are nearby, including Starbucks, Planet Fitness, CVS, Ross, and Five Guys.
Key Highlights
- 8‑unit configuration: 2 studios, 5 one‑bedrooms, and 1 two‑bedroom
- 7 of 8 units currently vacant
- LAR3 zoning with TOC Tier 3 designation
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road 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
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-zoned multifamily property with a varied unit mix, gated parking, and access to the Metro E Line and I-10.
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 configuration: 2 studios, 5 one‑bedrooms, and 1 two‑bedroom; 7 of 8 units currently vacant; LAR3 zoning with TOC Tier 3 designation
