Quadplex with Shared
For Sale
$1,300,000
8207 Crenshaw Dr, Inglewood, CA 90305
Four consistent two-bedroom units, on-site laundry, and flexible occupancy create a straightforward multifamily configuration.
Property Size3,445 SF
Lot Size0.16 Acres
Price / SF$377.36
Days on Market15
Property Features for 8207 Crenshaw Dr
General Information
Standard status
Active
Size
3,445 SF
Total Parking Spaces
4
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
R3
Units
Unit Mix
4 x 2BD/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
on-site coin-operated laundry
Building Details
Building Size
3,445 SF
Year Built
1944
Buildings
1
Listing Agency:
Coldwell Banker Champion Realty
Listed By:
Christie Thomas · License #01793080
(323) 483-4275
Source:
Milsteinestates
Added: Aug 19
Changed: Aug 31
Last Checked: Sep 2 at 2:21AM
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 Coldwell Banker Champion Realty
Investment Insights
Based on property information with market context.
This 1944-built quadplex at 8207 Crenshaw Dr in Inglewood contains approximately 3,445 square feet across four matching 2BD/1BA units. One unit is occupied, while three are vacant and ready for lease-up or owner occupancy. The property sits on a 6,752 SF R3 lot and includes detached shared garages with space for 4 cars, remote access, and on-site coin-operated laundry.
Located in the Morningside Park area, the property is near Crenshaw Blvd, SoFi Stadium, Intuit Dome, LAX, the South Bay aerospace corridor, and major freeways. Its consistent unit layout provides a uniform multifamily offering, while the mix of occupied and vacant units allows flexibility in how the property is used and leased.
Located in the Morningside Park area, the property is near Crenshaw Blvd, SoFi Stadium, Intuit Dome, LAX, the South Bay aerospace corridor, and major freeways. Its consistent unit layout provides a uniform multifamily offering, while the mix of occupied and vacant units allows flexibility in how the property is used and leased.
Key Highlights
- Four matching 2BD/1BA units in a quadplex configuration
- Approximately 3,445 square feet of building area
- 6,752 SF R3 lot
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
$48,870
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
3.76%
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%
$977,400
$977.4K
Cap Rate 7%
$698,143
$698.1K
Cap Rate 9%
$543,000
$543.0K
Market Conditions
NOI Build-Up for 3,445 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
$70.3K $20.40/SF
− Vacancy
−$464 −$0.13/SF
EGI
$69.8K $20.27/SF
− OpEx
−$20.9K −$6.08/SF
NOI
$48.9K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /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%
$977,400
Cap Rate 7%
$698,143
Cap Rate 9%
$543,000
Alternative Uses
Best Use
Multifamily LT 5
$698.1K
$610.9K – $814.5K
NOI $48,870 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$609.6K
$533.4K – $711.2K
NOI $42,672 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,389 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
679
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?
Quadplex - Four consistent two-bedroom units, on-site laundry, and flexible occupancy create a straightforward multifamily configuration.
Where is this quadplex located?
The property is located at 8207 Crenshaw Dr Inglewood, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four matching 2BD/1BA units in a quadplex configuration; Approximately 3,445 square feet of building area; 6,752 SF R3 lot
