9801 Crenshaw

    Inglewood, CA 90305
    • $2,400,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 18373232
    UPDATED: 43 min ago
    $2,400,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,076
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    9801 and 9809 Crenshaw Blvd., Inglewood, CA 90305 consist of two adjacent 4-plexes, totaling 8 units, located on separate parcels in the non-rent control community of Inglewood, California which is rapidly becoming the next downtown Los Angeles of Los Angeles County. This is a true value-add real estate investment opportunity as there is an astounding 90% rental upside. All 8 units consist of two-bedroom, one-bathroom units averaging 1,000 sq. ft. based on a combined building square footage of 8,076 on two lots totaling 14,383 sq. ft. These apartments offer tenants all of the comforts of home including large private yards, garage parking, and a laundry room. Furthermore, the apartments have recently been upgraded with central air conditioning, new doors, new windows, and new utility meters as provided through the Inglewood's Residential Sound Insulation Program. The apartments are separately metered for gas & electricity & have individual water heaters. *SELLER FINANCING AVAIL!!!*

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86353320

    9801 Crenshaw Inglewood, CA 90305

    • Price: $2,400,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 18373232
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    8,076
    SQFT
    $297
    $/SQFT
    1955
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    9801 and 9809 Crenshaw Blvd., Inglewood, CA 90305 consist of two adjacent 4-plexes, totaling 8 units, located on separate parcels in the non-rent control community of Inglewood, California which is rapidly becoming the next downtown Los Angeles of Los Angeles County. This is a true value-add real estate investment opportunity as there is an astounding 90% rental upside. All 8 units consist of two-bedroom, one-bathroom units averaging 1,000 sq. ft. based on a combined building square footage of 8,076 on two lots totaling 14,383 sq. ft. These apartments offer tenants all of the comforts of home including large private yards, garage parking, and a laundry room. Furthermore, the apartments have recently been upgraded with central air conditioning, new doors, new windows, and new utility meters as provided through the Inglewood's Residential Sound Insulation Program. The apartments are separately metered for gas & electricity & have individual water heaters. *SELLER FINANCING AVAIL!!!*
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Property Features

    Cap Rate 2.53 Gross Multiplier 19.75 Gross Operating Income 121500.00 Improvements Amount 175294 Land Value 95133 Net Operating Income 60760.00 Special Listing Conditions Standard Total Expenses 57765.00 Zoning Inr3yy

    Listing provided courtesy of Aaron Fierstein of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. 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. Licensed in the State of California, USA.
     
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