Two-Unit Retail Storefront
For Sale
Contact for pricing
11007 Crenshaw Boulevard, Inglewood, CA 90303
Two storefronts offer an existing fish market tenancy alongside a vacant retail space and rear vehicle parking.
Property Size3,000 SF
Price / SF$331.67
Days on Market143
Property Features for 11007 Crenshaw Boulevard
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
INC2YY
Investment Type
Owner/User
Building Details
Year Built
1954
Units
2
Listing Agency:
Capital Bridge Real Estate Advisors - KW Commercial
(310) 482-2200
Listed By:
Elijah Suval · License #02024364
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 25 at 6:21AM
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 Capital Bridge Real Estate Advisors - KW Commercial
Investment Insights
Based on property information with market context.
This two-unit retail storefront property includes approximately 1,500 SF per storefront, with one space occupied by a fish market and the other currently vacant. Rear parking accommodates 11-12 vehicles. The building sits on an estimated 7,139 SF lot, while title identifies the building as ±2,385 SF.
Located on Crenshaw Boulevard in the southeast portion of Inglewood, the property is less than a mile and a half from SoFi Stadium, Hollywood Park Casino, The Forum, and the announced Clippers Arena. Access to the I-105 FWY is also nearby. Surrounding development includes the New Hollywood Park project, planned with 2,500 housing units, 620,000 SF of retail space, and a 300-room hotel, along with the Inglewood Basketball and Entertainment Center, which is planned to include an 18,000-seat arena and additional sports, office, medical, and outdoor-plaza facilities.
Located on Crenshaw Boulevard in the southeast portion of Inglewood, the property is less than a mile and a half from SoFi Stadium, Hollywood Park Casino, The Forum, and the announced Clippers Arena. Access to the I-105 FWY is also nearby. Surrounding development includes the New Hollywood Park project, planned with 2,500 housing units, 620,000 SF of retail space, and a 300-room hotel, along with the Inglewood Basketball and Entertainment Center, which is planned to include an 18,000-seat arena and additional sports, office, medical, and outdoor-plaza facilities.
Key Highlights
- Two retail storefronts of approximately 1,500 SF each
- Existing fish market tenancy with one vacant storefront
- Rear parking for 11‑12 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,516,620
$1.5M
Cap Rate 7%
$1,083,300
$1.1M
Cap Rate 9%
$842,567
$842.6K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.9K $36.96/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$108.3K $36.11/SF
− OpEx
−$32.5K −$10.83/SF
NOI
$75.8K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,516,620
Cap Rate 7%
$1,083,300
Cap Rate 9%
$842,567
Alternative Uses
Best Use
Retail
$1.08M
$947.9K – $1.26M
NOI $75,831 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,680 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
409k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 33%
Apparel 16%
Groceries 13%
Burlington
Apparel
50,824 visits/mo
0.4 miles
McDonald's
Dining
47,317 visits/mo
0.3 miles
Superior Grocers
Groceries
41,663 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
33,843 visits/mo
0.4 miles
Bank of America
Shops & Services
25,942 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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- 1800 flowers — 11312 Crenshaw Blvd, Inglewood, CA 90303
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Frequently Asked Questions
What type of property is this?
Storefront property - Two storefronts offer an existing fish market tenancy alongside a vacant retail space and rear vehicle parking.
Where is this storefront property located?
The property is located at 11007 Crenshaw Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two retail storefronts of approximately 1,500 SF each; Existing fish market tenancy with one vacant storefront; Rear parking for 11‑12 vehicles
