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… Read More 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. Read Less
Courtesy of Equity Union
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,720
Lot Size
0.33 Acres
Year Built
1927
MLS Number
26873363
Additional Details
Appliances & Equipment
Dryer, Range/Oven, Washer
Building
4,720 sq ft, Built in 1927, Levels: Two Level, Attached
Cooling
Window Unit(s)
Disclosures
As Is
Garage
Private, Uncovered, Driveway, Direct Entrance, Gated, Oversized, Side By Side, Shared Driveway
Heating
Other
Lot
LotAcreage: 0.3253, LotSizeArea: 14,164, LotSizeDimensions: 100 x 141, Back Yard, Front Yard, Fenced Yard, Fenced, Yard, Raw Land, Value In Land, Lot-Level/Flat
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