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Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
$ 1,250,000
Est. payment | /mo
3,316 SqFt
$ 1,250,000
Est. payment | /mo
3,316 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,316 sqft
Price per Sqft $376
MLS Listing ID CRSB25188618
HOA Y/N No
Year Built 1955
Lot Size 6,703 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
We are pleased to present 10625 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 5.71% CAP Rate & 11.3 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. 10625 Crenshaw Blvd can also be sold together with 10607 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.
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227