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10203 Crenshaw Boulevard

Inglewood, CA 90303
  • $1,725,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: SB22075011
UPDATED: 20 min ago
$1,725,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

10203 Crenshaw Blvd is a fantastic 6-unit multi-familyinvestment opportunity located just steps from the brand newNFL Stadium and Hollywood Park Development. Once units arerented for market, the property would operate at a 6.77 CAPand 10.81 GRM. With over 30% upside availability in monthlyrental income, this is perfect for any investor looking for avalue-add deal in a rapidly appreciating neighborhood.With 4,849 SF of rentable space, the property consists of (4)2Bed/1Bath & (2) 1Bed/1Bath units. (2) 2Bed/1Bath units havebeen completely remodeled, leaving nothing untouched.Upgrades include bran new appliances, new floors,countertops, and Washer/Dryer in unit.10203 Crenshaw Blvd is only 1 block away from the Brand NewNFL Stadium, Clippers Arena and the Hollywood ParkDevelopment, which will include 500,000 SF of retail space, a300 unit hotel, 314 apartment units and plenty of office space.This value-add property is an ideal pickup for any buyerlooking for great upside in monthly rental income!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127837234
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10203 Crenshaw Boulevard Inglewood, CA 90303

  • Price: $1,725,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 20 min ago
  • ID#: SB22075011
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1955
Built
Neighborhood:
102 - South Inglewood
County:
Los Angeles
Area:
102 - South Inglewood
Property Description
10203 Crenshaw Blvd is a fantastic 6-unit multi-familyinvestment opportunity located just steps from the brand newNFL Stadium and Hollywood Park Development. Once units arerented for market, the property would operate at a 6.77 CAPand 10.81 GRM. With over 30% upside availability in monthlyrental income, this is perfect for any investor looking for avalue-add deal in a rapidly appreciating neighborhood.With 4,849 SF of rentable space, the property consists of (4)2Bed/1Bath & (2) 1Bed/1Bath units. (2) 2Bed/1Bath units havebeen completely remodeled, leaving nothing untouched.Upgrades include bran new appliances, new floors,countertops, and Washer/Dryer in unit.10203 Crenshaw Blvd is only 1 block away from the Brand NewNFL Stadium, Clippers Arena and the Hollywood ParkDevelopment, which will include 500,000 SF of retail space, a300 unit hotel, 314 apartment units and plenty of office space.This value-add property is an ideal pickup for any buyerlooking for great upside in monthly rental income!
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.84 Common Interest Community Apartment Community Features BikingCurbsUrban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 107568 Gross Scheduled Income 107568 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 66250 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 38091 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Inm1l*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)