Two-Unit Mixed-Use Retail
For Sale
$900,000
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$230.77
Days on Market112
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
(626) 872-0608
Listed By:
JONATHAN HUA · License #01485938
(626) 872-0608
Source:
Evrealestate
Added: May 12
Changed: Aug 29
Last Checked: Aug 30 at 1:19PM
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 = 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
$67,275
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
7.48%
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%
$1,345,500
$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
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
$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 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%
$1,345,500
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 10.95%
Second Best
Mixed Use
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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 $900,000.
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
