Residential Income – 9301 Crenshaw Blvd, Inglewood, CA 90305, USA -001-11-30T00:00:00-08:00
DO NOT DISTURB TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / **NEW ATTRACTIVE PRICE** This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes
9301 Crenshaw Blvd, Inglewood, CA 90305, USA
$26,000,000 USD
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Address9301 Crenshaw, Inglewood
Price$26,000,000
Price Changed10.02% (-$2,896,000, 34 days ago)
Year Built1955
Bedrooms Total0
Living Area81,243
Lot Size (Sq.Ft.)144,956
Listing ID17283758
StatusPending
Parcel Number4025014001
ZoningINR3YY
Special ConditionsStandard
Days on Market293

Detailed Description: DO NOT DISTURB TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / **NEW ATTRACTIVE PRICE** This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes each on their own separate 7,200 + sq. Ft. Parcel zoned R3 / A total of 80 units / 144,956 sq. Ft. Combined lot or 3.3 acres zoned R3 / All 2 bedroom, 1 bathroom units / Approximately 43% upside in rental income / First time on the market in over 40 years / Located in one of the fastest growing real estate markets / Just blocks away from the Forum, the Hollywood Park Redevelopment and NFL Stadium / New roofs, carport and garage parking, spacious balconies, private yards, and laundry rooms. This is a portfolio sale in which all 20 buildings must be purchased together. They include: 9301,9309,9317,9325,9333,9341,9401,9409,9417,9425,9433,9441,9501,9509,9517,9525,9533,9541,9601,9609 Crenshaw Blvd., Inglewood 90305.

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Address Information
Address9301 Crenshaw, Inglewood
CityInglewood
Location (MLS Area)101 – North Inglewood
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90305
Financial Information
Purchase Contract DateJuly 12, 2018
Price Changed-10.0221%
Previous Price$28,896,000
Price per Square Foot$320.03
Price per Lot Square Foot$179.36
Special ConditionsStandard
Total Expenses$583,858
Gross Operating Income$1,608,775
Net Operating Income$1,024,917
Gross Multiplier15.45%
Improvements Amount$149,746
Land Value$324,458
Tax Year2000
Full Descriptions
Parcel Number4025014001
Detailed DescriptionDO NOT DISTURB TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / **NEW ATTRACTIVE PRICE** This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes each on their own separate 7,200 + sq. Ft. Parcel zoned R3 / A total of 80 units / 144,956 sq. Ft. Combined lot or 3.3 acres zoned R3 / All 2 bedroom, 1 bathroom units / Approximately 43% upside in rental income / First time on the market in over 40 years / Located in one of the fastest growing real estate markets / Just blocks away from the Forum, the Hollywood Park Redevelopment and NFL Stadium / New roofs, carport and garage parking, spacious balconies, private yards, and laundry rooms. This is a portfolio sale in which all 20 buildings must be purchased together. They include: 9301,9309,9317,9325,9333,9341,9401,9409,9417,9425,9433,9441,9501,9509,9517,9525,9533,9541,9601,9609 Crenshaw Blvd., Inglewood 90305.
Appliances DescriptionRefrigerator
Parking FeaturesGarage
Property parameters
Year Built1955
Living Area (Sq.Ft.)81,243
Lot Size (Sq.Ft.)144,956
Lot Size SourceAssessor
Number of Buildings20
Number of Units Total80
ZoningINR3YY
Stories Total2
Units Total80
Cap Rate (For Cash Payment Only)3.94
Listed withAaron Fierstein (Marcus & Millichap)