8400 Crenshaw Dr, Inglewood, CA 90305

Property Description

This 15 -Unit Investment gem is ideally located a city block off the Century/Airport corridor and approximately a mile from the new LA Stadium, Forum & Entertainment District. The property consists of 2 parcels totaling 11,982 gross building square feet on an oversized 26,837 square foot prime corner lot location. It consists of (6) 2 bedroom units ranging from 800-860 sqft. (1) 650 sqft studio and (8) 1 bedroom units ranging from 700-750 sqft... Some units come with a private balcony or patio. The parking ratio is ample; each unit comes with an assigned 1 car garage, and driveway room. There are also 3 additional garages that can be used for rental income or extra storage. Long term tenants occupy the building. It is VERY rare for a unit to go vacant, but when one does the demand is HUGE. Onsite amenities include 2 laundry room areas with coin-op washer & dryer producing additional income, and a separate storage room. The building was retrofitted with new energy efficient, sound reduction windows and AC in 2014 and 2015. 14 of the 15 units are currently month-to-month making it ideal for rent increase potential and overall cap rate improvement. The influx of businesses necessary to support the stadium is expected to improve the local economy, job market and housing demand. This is an amazing location and great investment opportunity.