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10607 Crenshaw Blvd 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 5.61% Cap Rate Inglewood, CA 90303
INVESTMENT HIGHLIGHTS
- Desirable Inglewood Location – Blocks from the Intuit Dome, SoFi Stadium, and YouTube Theater at Hollywood Park
- Cost/Unit: $240,000 | Cost/Sq Ft: $352
- Updated Electrical, FAA Sound Insulation Completed, Central AC/Heating, Laundry Hookups in Each Unit
- Current CAP: 5.61% (Proforma 7.15%) | GRM: 11.36 (Proforma 9.62)
- (2) 2-Car Garages & (1) 1-Car Garage with Alley Access | ADU Potential
EXECUTIVE SUMMARY
The Harley Group at Lyon Stahl is pleased to present 10607 Crenshaw Blvd in Inglewood. This value-add opportunity consists of (1) 2-bed/1-bath unit and (4) 1-bed/1-bath units only blocks from the Intuit Dome, SoFi Stadium and YouTube Theater at Hollywood Park. There are laundry hookups in each unit, updated electrical panels, and new windows/doors from the FAA Sound Insulation Program. Operating at a 5.61% CAP Rate & 11.36 GRM, investors can unlock significant value through rental increases and ADU conversion from the five garages with alley access. The property has a well-manicured lawn, shrubs, and mature trees that enhance curb appeal and offer a relaxing outdoor area for tenants to enjoy. 10607 Crenshaw Blvd can also be sold together with 10625 Crenshaw Blvd, offering investors the rare opportunity to purchase two 5-unit buildings in a robust rental market that has seen explosive growth over the past decade.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$105,660
|
$31.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,170
|
$0.93
|
| Effective Gross Income |
$102,490
|
$30.14
|
| Taxes |
$17,019
|
$5.01
|
| Operating Expenses |
$18,803
|
$5.53
|
| Total Expenses |
$35,822
|
$10.54
|
| Net Operating Income |
$66,668
|
$19.61
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $105,660 |
| Annual Per SF | $31.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,170 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $102,490 |
| Annual Per SF | $30.14 |
| Taxes | |
|---|---|
| Annual | $17,019 |
| Annual Per SF | $5.01 |
| Operating Expenses | |
|---|---|
| Annual | $18,803 |
| Annual Per SF | $5.53 |
| Total Expenses | |
|---|---|
| Annual | $35,822 |
| Annual Per SF | $10.54 |
| Net Operating Income | |
|---|---|
| Annual | $66,668 |
| Annual Per SF | $19.61 |
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $240,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.61% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 11.36 | Building Size | 3,400 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Zoning | INR3YY - restricted Density Multiple Dwelling | ||
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.36 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,400 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | INR3YY - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,609 | - |
| 2+1 | 1 | $2,371 | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 4030-032-016 | Total Assessment | $355,428 (2025) |
| Land Assessment | $142,161 (2025) | Annual Taxes | $17,019 ($5.01/SF) |
| Improvements Assessment | $213,267 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4030-032-016
Land Assessment
$142,161 (2025)
Improvements Assessment
$213,267 (2025)
Total Assessment
$355,428 (2025)
Annual Taxes
$17,019 ($5.01/SF)
Tax Year
2024
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10607 Crenshaw Blvd
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