15-Unit Apartment
8400 Crenshaw Drive, Inglewood, CA 90305
For Sale
$3,695,000
The property combines a varied apartment mix with on-site garages, laundry facilities, and upgraded electrical service.
Property Size11,982 SF
Lot Size0.62 Acres
Price / SF$308.38
Days on Market34
Property Features for 8400 Crenshaw Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
central air conditioning
double-pane windows
washer/dryer hookups
on-site laundry rooms
security doors
window bars
Building Details
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Joshua Cohen
(310) 480-2130
Source:
Sevengables
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1953, this 15-unit apartment property includes six two-bedroom units, eight one-bedroom units, and one studio. The 11,982-square-foot building sits on a 26,857-square-foot lot and includes 18 garages and three laundry rooms. Many apartments have washer and dryer hookups. Central air conditioning, double-pane windows, security doors, window bars, and upgraded electrical service are among the property features. Gas and electric service are individually metered.
The property is at 8400 Crenshaw Drive in Inglewood, with freeway access connecting to LAX, the South Bay, Downtown Los Angeles, and the Westside. Neighborhood restaurants are within walking distance, and Dolores T. Richardson School is identified as a nearby long-standing neighbor.
The oversized lot and garages may offer the possibility of detached or garage-conversion ADUs under California SB 1211; buyers should confirm feasibility with the City of Inglewood.
The property is at 8400 Crenshaw Drive in Inglewood, with freeway access connecting to LAX, the South Bay, Downtown Los Angeles, and the Westside. Neighborhood restaurants are within walking distance, and Dolores T. Richardson School is identified as a nearby long-standing neighbor.
The oversized lot and garages may offer the possibility of detached or garage-conversion ADUs under California SB 1211; buyers should confirm feasibility with the City of Inglewood.
Key Highlights
- 15 apartments: six 2‑bedrooms, eight 1‑bedrooms, and one studio
- 11,982‑square‑foot building on a 26,857‑square‑foot lot
- 18 garages and three on‑site laundry rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,417
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,968,340
$3.0M
Cap Rate 7%
$2,120,243
$2.1M
Cap Rate 9%
$1,649,078
$1.6M
Market Conditions
NOI Build-Up for 11,982 SF
Gross rent
$271.8K $22.68/SF
− Vacancy
−$1.9K −$0.16/SF
EGI
$269.8K $22.52/SF
− OpEx
−$121.4K −$10.13/SF
NOI
$148.4K $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%
$2,968,340
Cap Rate 7%
$2,120,243
Cap Rate 9%
$1,649,078
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.47M
NOI $148,417 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,206 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
15
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
636
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
$785,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Inglewood, CA
Properties on Market for Apartment buildings in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a varied apartment mix with on-site garages, laundry facilities, and upgraded electrical service.
Where is this apartment building located?
The property is located at 8400 Crenshaw Drive Inglewood, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 15 apartments: six 2‑bedrooms, eight 1‑bedrooms, and one studio; 11,982‑square‑foot building on a 26,857‑square‑foot lot; 18 garages and three on‑site laundry rooms
