10625 Crenshaw Blvd - Apartments FOR SALE


Inglewood, CA 90303
$1,250,000 USD
949-933-1112
10625 Crenshaw Blvd, Inglewood, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 5.71% Cap Rate

10625 Crenshaw Blvd
Inglewood, CA 90303


HIGHLIGHTS

  • Desirable Inglewood Location – Blocks from the Intuit Dome, SoFi Stadium, and YouTube Theater at Hollywood Park
  • Current CAP: 5.71% (Proforma 6.81%) | GRM: 11.3 (Proforma 10)
  • Cost/Unit: $250,000 | Cost/Sq Ft: $376
  • (2) 2-Car Garages & (1) 1-Car Garage with Alley Access | ADU Potential
  • Updated Electrical, FAA Sound Insulation Completed, Central AC/Heating, Laundry Hookups in Each Unit

OVERVIEW

The Harley Group at Lyon Stahl is pleased to present 10625 Crenshaw Blvd in Inglewood. This value-add opportunity consists of (1) 2-bed/1-bath unit and (4) 1-bed/1-bath units only blocks from the Intuit Dome, SoFi Stadium and YouTube Theater at Hollywood Park. There are laundry hookups in each unit, updated electrical panels, and new windows/doors from the FAA Sound Insulation Program. Operating at a 5.71% CAP Rate & 11.3 GRM, investors can unlock significant value through rental increases and ADU conversion from the five garages with alley access. The property has a well-manicured lawn, shrubs, and mature trees that enhance curb appeal and offer a relaxing outdoor area for tenants to enjoy. 10625 Crenshaw Blvd can also be sold together with 10607 Crenshaw Blvd, offering investors the rare opportunity to purchase two 5-unit buildings in a robust rental market that has seen explosive growth over the past decade.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,704 SF

ZONING

INR3YY

APN/PARCEL ID

4030-032-019

ASK ABOUT THIS PROPERTY

Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.