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 Market40
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
(213) 399-5499
Listed By:
Regina Hooks · License #01207855
(213) 399-5499
Source:
Exprealty
Added: Jul 21
Changed: Aug 21
Last Checked: Aug 29 at 11:11AM
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 = 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
$48,827
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
3.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
