Two-Unit Mixed-Use Retail
For Sale
$800,000
8519 8521 Crenshaw Boulevard, Inglewood, CA 90305
Commercial space is configured as two retail units within a retail and mixed-use zone.
Property Size3,900 SF
Price / SF$205.13
Days on Market157
Property Features for 8519 8521 Crenshaw Boulevard
General Information
Standard status
Active
Size
3,900 SF
Zoning
Commercial Retail and mixed-use zone
Building Details
Building Size
3,900 SF
Year Built
1946
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
MANREALTY.COM
Listed By:
JONATHAN HUA · License #01485938
(626) 872-0608
Source:
Evrealestate
Added: May 12
Changed: Sep 30
Last Checked: Oct 14 at 11:06PM
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 MANREALTY.COM
Investment Insights
Based on property information with market context.
Located at 8519-8521 Crenshaw Blvd in Inglewood, this 1946-built property contains 3,900 square feet of commercial mixed-use space arranged across two retail units. The configuration supports a combination of storefront and mixed-use functions within a commercial retail and mixed-use zoning area.
The property sits near the Crenshaw Boulevard and Manchester Boulevard intersection, with event destinations including SoFi Stadium, YouTube Theater, and the Kia Forum within walking distance. A Sprouts Farmers Market is also planned nearby. WalkScore is 59, TransitScore is 48, and BikeScore is 44, reflecting somewhat walkable, transit-served, and somewhat bikeable surroundings.
The property sits near the Crenshaw Boulevard and Manchester Boulevard intersection, with event destinations including SoFi Stadium, YouTube Theater, and the Kia Forum within walking distance. A Sprouts Farmers Market is also planned nearby. WalkScore is 59, TransitScore is 48, and BikeScore is 44, reflecting somewhat walkable, transit-served, and somewhat bikeable surroundings.
Key Highlights
- 3,900 square feet of commercial mixed‑use space
- Two retail units within the property
- Commercial retail and mixed‑use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,275
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,500
$1.3M
Cap Rate 7%
$961,071
$961.1K
Cap Rate 9%
$747,500
$747.5K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$117.0K $30.00/SF
− Vacancy
−$9.4K −$2.40/SF
EGI
$107.6K $27.60/SF
− OpEx
−$40.4K −$10.35/SF
NOI
$67.3K $17.25/SF
Area
Inglewood, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,500
Cap Rate 7%
$961,071
Cap Rate 9%
$747,500
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,580 @ 7.0% cap · market cap 12.32%
Second Best
Mixed Use
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Dollar Tree
Shops & Services
26,805 visits/mo
0.3 miles
Rally's
Dining
16,745 visits/mo
0.1 miles
Jack in the Box
Dining
16,326 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,078 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
9,235 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is configured as two retail units within a retail and mixed-use zone.
Where is this mixed-use property located?
The property is located at 8519 8521 Crenshaw Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,900 square feet of commercial mixed‑use space; Two retail units within the property; Commercial retail and mixed‑use zoning
