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2241 Crenshaw Blvd
Los Angeles, CA 90016 Mid-City

$2,150,000 USD

Apartments For Sale  •  4,720 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,720 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 6.01 %
  • Zoning R3, Los Angeles
70 Transit Score
70 Walk Score

Highlights

Prime Mid-City / West Adams Location Along the Crenshaw Corridor
Attractive Unit Mix of 2 Studios, 5 One-Bedrooms, and 1 Two-Bedroom Unit
7 of 8 Units Are Currently Vacant and Unrenovated
Roughly 6,000 SF of Open Land in the Gated Private Backyard
Double the Unit Count by Adding up to 8 Detached, Fully Non-Rent-Controlled ADU Units in the Rear
Large Two-Bedroom Unit with Potential Conversion to a Three-Bedroom

Financial Summary (Actual)

Net Operating Income: $129,144 USD (2026)
Cap Rate: 6.01 %
Total Expenses: $60,277 USD

Amenities

  • Balcony
  • Disposal
  • Storage Space
  • Heating
  • Granite Countertops
  • Refrigerator
  • Range
  • Tub/Shower
  • Large Bedrooms

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Sunset Limited - Amtrak, Texas Eagle - Amtrak) 11 min - 6.9 mi
L. A. Union Station Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains, Metrolink Riverside Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) 12 min - 7.2 mi
Transit/SubwayDriveWalkDistance
Expo/Crenshaw (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 20 min 1.1 mi
AirportDriveWalkDistance
Los Angeles International 18 min - 9.5 mi
Bob Hope 24 min - 14.4 mi
Long Beach (Daugherty Field) 33 min - 24.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Josh Yeager 818-741-8010 Equity Union Commercial
Josh Yeager 818-741-8010 Equity Union Commercial