Retail Space Near Event
8519 8521 Crenshaw Blvd, Inglewood, CA 90305
For Sale
$850,000
Commercial retail and mixed-use space near Sofi Stadium.
Property Size3,900 SF
Price / SF$217.95
Days on Market178
Property Features for 8519 8521 Crenshaw Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
MANREALTY.COM
Listed By:
JONATHAN HUA · License CA #01485938
(626) 872-0608
Source:
Elliman
Added: May 16
Changed: Aug 8
Last Checked: Aug 13 at 2:57AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is located near the intersection of Crenshaw Boulevard and Manchester Boulevard, within walking distance of event venues including the Sofi Stadium, YouTube Theater, and the Kia Forum. A new Sprouts Farmers Market is opening soon nearby. The property features 3,900 square feet of commercial mixed-use space, divided into two retail units. The location has a bike score of 44, indicating it is somewhat bikeable, a walk score of 59, indicating it is somewhat walkable, and a transit score of 48, indicating some transit options are available.
Key Highlights
- Prime location near Crenshaw Blvd and Manchester Blvd.
- Walking distance to SoFi Stadium, YouTube Theater, and Kia Forum.
- Commercial Retail and mixed‑use zoning.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,275
Cap Rate
7.91%
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 11.60%
Second Best
Mixed Use
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
$785,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Los Angeles County, CA
Properties on Market for Retail space in Los Angeles County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail and mixed-use space near Sofi Stadium.
Where is this retail space located?
The property is located at 8519 8521 Crenshaw Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location near Crenshaw Blvd and Manchester Blvd.; Walking distance to SoFi Stadium, YouTube Theater, and Kia Forum.; Commercial Retail and mixed‑use zoning.
