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$ 3,695,000
Est. payment | /mo
21 Beds
15 Baths
11,982 SqFt
$ 3,695,000
Est. payment | /mo
21 Beds
15 Baths
11,982 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,982 sqft
Price per Sqft $308
MLS Listing ID 26103115
Bedrooms 21
HOA Y/N No
Year Built 1953
Lot Size 0.617 Acres
Property Description
We are pleased to present 8400 Crenshaw Drive, a 15-unit apartment community on an oversized 26,857 SF lot in Inglewood, minutes from SoFi Stadium, the Intuit Dome and the Hollywood Park development. The offering includes an assumable loan of approximately $1.74 million, fixed at 3.7% through November 2029 (subject to lender approval), giving a buyer more than three years of below-market debt.Current gross income is approximately $319,000 against a projected market potential of $392,000. That is roughly 23% upside for an owner who brings rents to market, with fixed-rate debt in place to support growing cash flow.The property offers 15 large units: six 2-bedrooms, eight 1-bedrooms and one studio. It has 18 garages, rare for Los Angeles multifamily, which help with tenant retention and add storage and parking income. Every unit has central air conditioning and double-pane windows, installed through the LAX-funded Residential Sound Insulation Program. The electrical system has been upgraded, with individual gas and electric meters. Many units have washer/dryer hookups, and three on-site laundry rooms add convenience and income. Security doors and window bars run throughout.Under California's SB 1211, the garages and oversized lot create potential for added ADUs, both detached and conversion units. Buyers should independently verify ADU feasibility with the City of Inglewood.The location offers quick freeway access to LAX, the South Bay, Downtown Los Angeles and the Westside, with neighborhood restaurants within walking distance. Long-standing neighbors, including the Dolores T. Richardson School, anchor a stable residential area with durable tenant demand.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Door-Multi, Door-Single, Garage
Garage Spaces 18.0
Garage Description 18.0
Total Parking Spaces 18
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4011023006
Special Listing Condition Standard
Listed by Joshua Cohen Keller Williams Realty #01346713