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9301-9609 Crenshaw Blvd
Inglewood, CA 90305
Stadium Village Apartments · Multifamily Property For Sale
·
80 Units
Investment Highlights
- 5%+CPI annual rent increases (8.8%) on all 80 units due to 4-plexes being individually parceled
- 100% 2-bedroom units, 40% extensively upgraded, Some eligible for Sound Insulation Program
- 3% interest rate financing and a higher LTV may be available for qualified candidates
- 20 continuous parcels, 3.33 acres zoned R3, $187.99 per SF/Land 1 mile from SoFi Stadium
- Current CAP 5.17% / Current GRM 12.53 / Approx. 24% rental upside / Proforma CAP 7.00% / Proforma GRM 10.14
- Stadium views, garage parking, large private yards, balconies, patios, laundry M2M lease, 5 yr old roofs, mostly double panned windows
Property Facts
| No. Units | 80 | Building Size | 81,243 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1955/2018 |
| Building Class | B | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 3.33 AC | ||
| Zoning | INR3YY - Limited Density Multiple Residence | ||
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.33 AC |
| Building Size | 81,243 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2018 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | INR3YY - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Tile Floors
- Stainless Steel Appliances
- Yard
- Double Pane Windows
- Patio
- Window Coverings
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Laundry Service
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 80 | $2,595 | 950 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,500,000 | |
| Land Assessment | $15,400,000 | Total Assessment | $26,900,000 |
Property Taxes
Parcel Numbers
Land Assessment
$15,400,000
Improvements Assessment
$11,500,000
Total Assessment
$26,900,000
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