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10607 Crenshaw Blvd 5 Unit Apartment Building $1,624,812 CAD ($324,962 CAD/Unit) 5.61% Cap Rate Inglewood, CA 90303
INVESTMENT HIGHLIGHTS
- Desirable Inglewood Location – Blocks from the Intuit Dome, SoFi Stadium, and YouTube Theater at Hollywood Park
- Cost/Unit: $240,000 | Cost/Sq Ft: $352
- Updated Electrical, FAA Sound Insulation Completed, Central AC/Heating, Laundry Hookups in Each Unit
- Current CAP: 5.61% (Proforma 7.15%) | GRM: 11.36 (Proforma 9.62)
- (2) 2-Car Garages & (1) 1-Car Garage with Alley Access | ADU Potential
EXECUTIVE SUMMARY
The Harley Group at Lyon Stahl is pleased to present 10607 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 5.61% CAP Rate & 11.36 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. 10607 Crenshaw Blvd can also be sold together with 10625 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$143,065
|
$42.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,292
|
$1.26
|
| Effective Gross Income |
$138,772
|
$40.82
|
| Taxes |
$23,044
|
$6.78
|
| Operating Expenses |
$25,459
|
$7.49
|
| Total Expenses |
$48,503
|
$14.27
|
| Net Operating Income |
$90,269
|
$26.55
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,065 |
| Annual Per SF | $42.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,292 |
| Annual Per SF | $1.26 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $138,772 |
| Annual Per SF | $40.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,044 |
| Annual Per SF | $6.78 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,459 |
| Annual Per SF | $7.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,503 |
| Annual Per SF | $14.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,269 |
| Annual Per SF | $26.55 |
PROPERTY FACTS
| Price | $1,624,812 CAD | Property Subtype | Apartment |
| Price Per Unit | $324,962 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.61% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 11.36 | Building Size | 3,400 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Zoning | INR3YY - restricted Density Multiple Dwelling | ||
| Price | $1,624,812 CAD |
| Price Per Unit | $324,962 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.36 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,400 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | INR3YY - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,179 CAD | - |
| 2+1 | 1 | $3,210 CAD | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 4030-032-016 | Total Assessment | $481,253 CAD (2025) |
| Land Assessment | $192,487 CAD (2025) | Annual Taxes | $23,044 CAD ($6.78 CAD/SF) |
| Improvements Assessment | $288,766 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4030-032-016
Land Assessment
$192,487 CAD (2025)
Improvements Assessment
$288,766 CAD (2025)
Total Assessment
$481,253 CAD (2025)
Annual Taxes
$23,044 CAD ($6.78 CAD/SF)
Tax Year
2024
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10607 Crenshaw Blvd
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