2241 Crenshaw BLVD, Los Angeles, CA 90016
2241 Crenshaw BLVD, Los Angeles, CA 90016
2241 Crenshaw BLVD, Los Angeles, CA 90016
2241 Crenshaw BLVD, Los Angeles, CA 90016
2241 Crenshaw BLVD, Los Angeles, CA 90016
2241 Crenshaw BLVD, Los Angeles, CA 90016
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 2,150,000
Est. payment | /mo

9 Beds

8 Baths

4,720 SqFt

Save
$ 2,150,000
Est. payment | /mo
Save

9 Beds

8 Baths

4,720 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,720 sqft

Price per Sqft $455

MLS Listing ID 26873363

Bedrooms 9

Construction Status Fixer

HOA Y/N No

Year Built 1927

Lot Size 0.325 Acres

Property Description

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. 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

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

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We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

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We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.