Residential Income – 9301 Crenshaw Blvd, Inglewood, CA 90305, USA -001-11-30T00:00:00-08:00
DO NOT SPEAK TO TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / HANDLE WITH CARE, PROFESSIONALISM, and BE DISCREET! This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adja
9301 Crenshaw Blvd, Inglewood, CA 90305, USA
$28,896,000 USD
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Address9301 Crenshaw, Inglewood
Price$28,896,000
Year Built1955
Bedrooms Total0
Living Area81,243
Lot Size (Sq.Ft.)144,956
Listing ID17283758
StatusActive
Parcel Number4025014001
ZoningINR3YY
Special ConditionsStandard
Days on Market42

Detailed Description: DO NOT SPEAK TO TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / HANDLE WITH CARE, PROFESSIONALISM, and BE DISCREET! 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 at approximately 950 sq. Ft. / Approximately 45% or more 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, patios, and laundry

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Address Information
Address9301 Crenshaw, Inglewood
CityInglewood
Location (MLS Area)101 – North Inglewood
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code90305
Financial Information
Price per Square Foot$355.67
Price per Lot Square Foot$199.34
Special ConditionsStandard
Total Expenses$591,538
Gross Operating Income$1,568,780
Net Operating Income$930,508
Gross Multiplier18.55%
Improvements Amount$149,746
Land Value$324,458
Tax Year2017
Full Descriptions
Parcel Number4025014001
Detailed DescriptionDO NOT SPEAK TO TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / HANDLE WITH CARE, PROFESSIONALISM, and BE DISCREET! 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 at approximately 950 sq. Ft. / Approximately 45% or more 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, patios, and laundry
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)3.22
Listed withAaron Fierstein (Marcus & Millichap)