11126 Crenshaw Blvd - Apartments FOR SALE


Inglewood, CA 90303
$1,100,000 USD
424-334-7011
11126 Crenshaw Blvd, Inglewood, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/7
null | 6.13% Cap Rate

11126 Crenshaw Blvd
Inglewood, CA 90303


HIGHLIGHTS

  • 11126 Crenshaw Boulevard is a 5-unit value-add property located in Inglewood.
  • 11126 Crenshaw Boulevard is being sold by the lender on title and may offer attractive financing.
  • Attractive Unit Mix consisting of Three Bedroom and Two Bedroom Units
  • Delivered With Two Vacant Units

OVERVIEW

LENDER OWNED REO SALE!!! THE OPPORTUNITY: 11126 Crenshaw Boulevard is a 5-unit value-add property located in Inglewood. UNIQUE SALE OFFERING AND POTENTIAL SELLER FINANCING: 11126 Crenshaw Boulevard is being sold by the lender on title and may offer attractive financing. TRUE VALUE-ADD POTENTIAL: Current In-Place rents are significantly below market and trail market rents by ~$795 average. A subsequent buyer can implement a comprehensive interior and exterior renovations strategy to capture a 34% loss-to-lease. UNIT MIX: The subject property features a favorable floorplan layouts comprised of four (4) 2 Bedroom +1 Bathroom floorplans and one (1) 3 Bedroom + 2 Bathroom floorplans. Two units are currently vacant allowing a subsequent buyer a blank canvas to begin revenue driving enhancement to unit interiors upon acquisition. EXCELLENT ACCESSIBILITY: The subject property is situated in a quiet residential apartment enclave with excellent frontage on Crenshaw Boulevard. Residents are a short commute to the 105 Freeway, and 405 Freeway provided easy access to greater Los Angeles. IMMEDIATE ACCESS TO MAJOR INGLEWOOD EMPLOYMENT AND ENTERTAINMENT HUBS: Strategically located with direct connectivity to the Kia Forum, SoFi Stadium, Intuit Dome, Hollywood Park, and Los Angeles International Airport (LAX). These destinations anchor thousands of jobs across entertainment, sports, hospitality, aviation, logistics, and municipal services, offering residents exceptional proximity to some of the region’s fastest-growing employment and entertainment centers

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

6.13%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,197 SF

ZONING

R3, Inglewood

APN/PARCEL ID

4029-030-018,4029-030-021

ASK ABOUT THIS PROPERTY

Mike HanassabNorthmarqMore Info
424-334-7011

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Mike HanassabNorthmarqMore Info
424-334-7011

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