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2241 Crenshaw Blvd

Los Angeles CA 90016

9
8
16
4720 sq. ft.
14164 sq. ft.
Other
Currently for sale - view listing

Overview

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. Seller Open To Seller Carry Financing. 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

9 bedrooms
8 bathrooms
16 carspaces
1 garage space
4720 sq. ft. floor area
14164 sq. ft. lot size
Other

Property history for 2241 Crenshaw Blvd

2018
Sold
$1,850,000
08 Nov 2018 by Jennifer Kim, of Top Elite Realty
2015
Sold
$1,350,000
05 May 2015 by Jae Chang, of Redpoint Realty

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 9 bedroom other properties in Los Angeles

In the last 12 months, 1 nine-bedroom other similar to 2241 Crenshaw Blvd, have been sold.

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