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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 1,800,000

Est. payment -/mo

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Price Dropped by $100K

2241 Crenshaw BLVD Los Angeles, CA 90016

9 Beds

8 Baths

4,720 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,720 sqft

Price per Sqft $381

MLS Listing ID 26873363

Bedrooms 9

Construction Status Fixer

HOA Y/N No

Year Built 1927

Lot Size 0.325 Acres

Property Description

2241 Crenshaw Blvd, is 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Direct Access, Driveway, Garage, Gated, Oversized, Private, Shared Driveway, Side By Side, Uncovered

View Y/N Yes

View Courtyard

Total Parking Spaces 16

Building

Lot Description Back Yard, Front Yard, Value In Land, Yard

Faces East

Story 2

Entry Level Two

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5061021038

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Joshua Yeager Equity Union #01979446