Multifamily Property with Central
For Sale
$1,500,000
10619 Crenshaw Blvd, Inglewood, CA 90303
Apartments feature central heating and air conditioning, updated windows and doors, and added insulation.
Property Size3,400 SF
Price / SF$441.18
Days on Market811
Property Features for 10619 Crenshaw Blvd
General Information
Standard status
Active
Size
3,400 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Lockhaven
Additional Details
Tenant in Place
Yes
Building Details
Building Size
3,400 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
Listed By:
Brian Maser · License #1340306
(310) 795-8010
Source:
Condosalesexperts
Added: Aug 9, 2024
Changed: Oct 27
Last Checked: Oct 26 at 2:25PM
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 Brian Maser
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Investment Insights
Based on property information with market context.
This 3,400-square-foot multifamily property in Inglewood was built in 1955. Improvements associated with airport soundproofing included central air and heat, replacement windows and doors, and new insulation in every unit. The building also received a recent exterior repaint.
The apartments are subject to City of Inglewood rent control. The property is near SoFi Stadium, the Clippers Arena, the Forum, healthcare services, and transportation.
The apartments are subject to City of Inglewood rent control. The property is near SoFi Stadium, the Clippers Arena, the Forum, healthcare services, and transportation.
Key Highlights
- 3,400‑square‑foot multifamily property built in 1955
- Central air and heat in every unit
- Airport soundproofing work included new windows, doors, and insulation in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,115
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,300
$842.3K
Cap Rate 7%
$601,643
$601.6K
Cap Rate 9%
$467,944
$467.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$77.1K $22.68/SF
− Vacancy
−$540 −$0.16/SF
EGI
$76.6K $22.52/SF
− OpEx
−$34.5K −$10.13/SF
NOI
$42.1K $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%
$842,300
Cap Rate 7%
$601,643
Cap Rate 9%
$467,944
Alternative Uses
Best Use
Apartment 5plus
$601.6K
$526.4K – $701.9K
NOI $42,115 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,104 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
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Business Placement
Demographics for 90303, CA
24,490
Population
7,354
Households
3.3
Avg Household Size
35
Median Age
18%
College-Educated
73%
High-School Grad
1.9 sq mi
ZIP Area
12,889
Density / Sq Mi
$70,853
Median Household Income
$36,292
Median Earnings
$1,709
Median Rent
$764,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Apartments feature central heating and air conditioning, updated windows and doors, and added insulation.
Where is this multifamily property located?
The property is located at 10619 Crenshaw Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,400‑square‑foot multifamily property built in 1955; Central air and heat in every unit; Airport soundproofing work included new windows, doors, and insulation in every unit
