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2241 Crenshaw Blvd
Los Angeles, CA 90016 Mid-City

$1,900,000 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 6.95 %
• Zoning R3, Los Angeles

70 Transit Score

70 Walk Score

Highlights

Prime Mid-City / West Adams Location Along the Crenshaw Corridor

Seller Open to Seller Carry Financing

7 of 8 Units Are Currently Vacant and Unrenovated

Attractive Unit Mix of 2 Studios, 5 One-Bedrooms, and 1 Two-Bedroom Unit

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

Financial Summary (Actual)

Net Operating Income: $132,144 USD (2026)

Cap Rate:	6.95 %
Total Expenses:	$57,277 USD

Amenities

• 24 Hour Access
• Balcony
• Controlled Access
• Disposal
• Storage Space
• Tenant Controlled HVAC
• Heating
• Trash Pickup - Curbside
• Granite Countertops
• Refrigerator
• Range
• Tub/Shower
• Large Bedrooms
• Backup Power / Generators

Public Transportation

Commuter Rail	Drive	Walk	Distance
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/Subway	Drive	Walk	Distance
Expo/Crenshaw (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
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