Fourplex with Remodeled
For Sale
$1,350,000
9328 Crenshaw Blvd, Inglewood, CA 90305
Updated finishes in several residences and a vacant unit offer flexibility for occupancy or leasing plans.
Property Size3,442 SF
Price / SF$392.21
Days on Market86
Property Features for 9328 Crenshaw Blvd
General Information
Standard status
Active
Size
3,442 SF
Property subtype
Residential Income
Listing Agency:
Robert Pitts Luxury Estates
(310) 915-6500
Listed By:
Regina Hooks · License #01207855
(213) 399-5499
Source:
Exprealty
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 12 at 11:08PM
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 Robert Pitts Luxury Estates
Investment Insights
Based on property information with market context.
The property at 9328 Crenshaw Blvd is a 3,442-square-foot fourplex with four residential units. Each unit is configured with two bedrooms and one bathroom. Three residences have undergone recent remodeling with updated finishes, while the remaining unit is vacant and available for occupancy or rental use.
The property is within walking distance of a local stadium, shopping centers, and everyday conveniences. Major freeways are also readily accessible, supporting regional commuting. The combination of a four-unit layout, refreshed interiors, and one available unit provides a range of residential ownership and leasing options.
The property is within walking distance of a local stadium, shopping centers, and everyday conveniences. Major freeways are also readily accessible, supporting regional commuting. The combination of a four-unit layout, refreshed interiors, and one available unit provides a range of residential ownership and leasing options.
Key Highlights
- Four‑unit property with 2 bedrooms and 1 bathroom in each unit
- 3,442‑square‑foot fourplex at 9328 Crenshaw Blvd, Inglewood, CA
- Three of the four units were recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,827
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,540
$976.5K
Cap Rate 7%
$697,529
$697.5K
Cap Rate 9%
$542,522
$542.5K
Market Conditions
NOI Build-Up for 3,442 SF
Gross rent
$70.2K $20.40/SF
− Vacancy
−$463 −$0.13/SF
EGI
$69.8K $20.27/SF
− OpEx
−$20.9K −$6.08/SF
NOI
$48.8K $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 Rate 5%
$976,540
Cap Rate 7%
$697,529
Cap Rate 9%
$542,522
Alternative Uses
Best Use
Multifamily LT 5
$697.5K
$610.3K – $813.8K
NOI $48,827 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$609.1K
$532.9K – $710.6K
NOI $42,635 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
965
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated finishes in several residences and a vacant unit offer flexibility for occupancy or leasing plans.
Where is this quadplex located?
The property is located at 9328 Crenshaw Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four‑unit property with 2 bedrooms and 1 bathroom in each unit; 3,442‑square‑foot fourplex at 9328 Crenshaw Blvd, Inglewood, CA; Three of the four units were recently remodeled
