Remodeled Five-Unit Apartment
For Sale
$1,550,000
1-11118 Crenshaw Blvd, Inglewood, CA 90305
Well-maintained apartment property with resident parking, on-site laundry, and a remodeled owner’s residence delivered vacant.
Property Size5,404 SF
Price / SF$286.82
Days on Market75
Property Features for 1-11118 Crenshaw Blvd
General Information
Standard status
Active
Size
5,404 SF
Property subtype
Residential Income
Listing Agency:
The Hills Premier Realty
Listed By:
Melissa Knight · License #01184594
(310) 497-4125
Source:
Exprealty
Added: Aug 1
Changed: Oct 12
Last Checked: Oct 12 at 10:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Hills Premier Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property offers 5,404 square feet of residential space in a well-maintained configuration. The owner’s residence will be delivered vacant along with one additional two-bedroom, one-bathroom unit. The owner’s unit includes three bedrooms, a primary en-suite bath, a spacious living room with fireplace, a remodeled kitchen with newer custom cabinetry, quartz countertops, and stainless appliances, plus hardwood flooring and a private outdoor patio. Four other units each provide two bedrooms and one bathroom.
Property improvements include new windows, an on-site laundry room, and dedicated parking for all residents. The property is located on Crenshaw Blvd in Inglewood, near SoFi Stadium, the Intuit Dome, and the Kia Forum.
Property improvements include new windows, an on-site laundry room, and dedicated parking for all residents. The property is located on Crenshaw Blvd in Inglewood, near SoFi Stadium, the Intuit Dome, and the Kia Forum.
Key Highlights
- Five‑unit apartment property totaling 5,404 square feet
- Owner’s unit and one additional 2‑bedroom, 1‑bathroom unit delivered vacant
- Four additional units with 2 bedrooms and 1 bathroom each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,938
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,760
$1.3M
Cap Rate 7%
$956,257
$956.3K
Cap Rate 9%
$743,756
$743.8K
Market Conditions
NOI Build-Up for 5,404 SF
Gross rent
$122.6K $22.68/SF
− Vacancy
−$858 −$0.16/SF
EGI
$121.7K $22.52/SF
− OpEx
−$54.8K −$10.13/SF
NOI
$66.9K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,760
Cap Rate 7%
$956,257
Cap Rate 9%
$743,756
Alternative Uses
Best Use
Apartment 5plus
$956.3K
$836.7K – $1.12M
NOI $66,938 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,338 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 90305, CA
15,367
Population
6,499
Households
2.4
Avg Household Size
47
Median Age
36%
College-Educated
91%
High-School Grad
2.6 sq mi
ZIP Area
5,910
Density / Sq Mi
$89,030
Median Household Income
$50,041
Median Earnings
$1,868
Median Rent
$785,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment property with resident parking, on-site laundry, and a remodeled owner’s residence delivered vacant.
Where is this apartment building located?
The property is located at 1-11118 Crenshaw Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Five‑unit apartment property totaling 5,404 square feet; Owner’s unit and one additional 2‑bedroom, 1‑bathroom unit delivered vacant; Four additional units with 2 bedrooms and 1 bathroom each
