Apartment Building with Owner's
For Sale
$1,550,000
11118 Crenshaw Blvd #1, Inglewood, CA 90303
Well-maintained multifamily property with renovated interiors, resident parking, and on-site laundry in central Inglewood.
Property Size5,404 SF
Price / SF$286.82
Days on Market28
Property Features for 11118 Crenshaw Blvd #1
General Information
Standard status
Active
Size
5,404 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 4 x 2BR/1BA
Multifamily Units
5
Amenities
on-site laundry room
Building Details
Year Built
1957
Listing Agency:
(310) 686-9361
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 26 at 12:48PM
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 Accardo Real Estate Associates - AREA
Investment Insights
Based on property information with market context.
This 5,404-square-foot apartment property, built in 1957, includes an expansive owner's residence and additional two-bedroom, one-bathroom units. The owner's unit is scheduled for delivery vacant and has been remodeled with a spacious living room, fireplace, three bedrooms, a primary en-suite bath, newer custom cabinetry, quartz countertops, stainless steel appliances, tile flooring, hardwood floors, and a private outdoor patio. One additional two-bedroom, one-bathroom unit is also expected to be delivered vacant.
Property improvements include new windows, an on-site laundry room, and dedicated parking for residents. The property is located in Inglewood near SoFi Stadium, the Intuit Dome, and the Kia Forum, providing proximity to major entertainment venues. The combination of updated owner-unit finishes, multiple residential units, and central positioning supports both owner-occupancy and multifamily investment use.
Property improvements include new windows, an on-site laundry room, and dedicated parking for residents. The property is located in Inglewood near SoFi Stadium, the Intuit Dome, and the Kia Forum, providing proximity to major entertainment venues. The combination of updated owner-unit finishes, multiple residential units, and central positioning supports both owner-occupancy and multifamily investment use.
Key Highlights
- 5,404‑square‑foot apartment property in Inglewood
- Built in 1957
- Remodeled owner's unit with three bedrooms and a primary en‑suite bath
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
$66,938
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
4.32%
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%
$1,338,760
$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
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
$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 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%
$1,338,760
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.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
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
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 multifamily property with renovated interiors, resident parking, and on-site laundry in central Inglewood.
Where is this apartment building located?
The property is located at 11118 Crenshaw Blvd #1 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: 5,404‑square‑foot apartment property in Inglewood; Built in 1957; Remodeled owner's unit with three bedrooms and a primary en‑suite bath
