8257 Crenshaw Dr 8257 Crenshaw Dr
4 Unit Apartment Building $1,210,000 ($302,500/Unit) 4.97% Cap Rate Inglewood, CA 90305
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity!
- 4 on-site parking spaces with ample street parking!
- Easy access to public transportation!
- Nearby SoFi Stadium and Kia Forum!
- Possibility of building an ADU in the rear!
EXECUTIVE SUMMARY
We are proud to present 8257 Crenshaw Dr! The property at 8257 Crenshaw Dr located in the city of Inglewood offers an excellent investment opportunity! Built in 1944, this charming multi-family property boasts a total of 8 bedrooms and 4 bathrooms within 3,445 SF of living space, situated on a 6,752 SF lot zoned R-3. The property comprises four 2-bedroom/1-bathroom units and features on-site and off-site parking. Its prime location near SoFi Stadium, Kia Forum, restaurants, retail, and schools adds to its appeal. Inglewood is experiencing a vibrant resurgence, boasting a rich cultural scene, revitalized neighborhoods, and world class attractions! Additionally, there's potential for expansion with the possibility of building an ADU in the rear.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS In Escrow
| Price | $1,210,000 |
| Price Per Unit | $302,500 |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 3,445 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1944 |
| Parking Ratio | 1.16/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Eat-in Kitchen
- Oven
- Range
- Tub/Shower
- Family Room
SITE AMENITIES
- 24 Hour Access
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,773 | 861 |
1 of 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4011-013-012 | Improvements Assessment | $93,912 |
| Land Assessment | $211,324 | Total Assessment | $305,236 |
ZONING
| Zoning Code | INR3YY |
