10607 Crenshaw Boulevard, Inglewood, California 90303, Inglewood, 90303 - bed, bath
ACTIVE$1,200,000$3,400/sqft
10607 Crenshaw Boulevard, Inglewood, California 90303
0Bed
0Bath
3,400Sqft
6,705Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Market Growth: Strategically located blocks from major entertainment venues like Intuit Dome, SoFi Stadium, and YouTube Theater, driving high rental demand in a robust market that has seen explosive growth.
Top Cons:
Age of Property: Built in 1954, the property may require ongoing maintenance or future capital expenditures for systems and components not explicitly mentioned as updated.
Compared to the nearby listings
Price:$1.20M vs avg $1.20M (+$0)50%
Size:3,400 sqft vs avg 3,400 sqft50%
Price/sqft:$353 vs avg $35350%
More Insights
Built in 1954 (72 years old).
Condition: Built in 1954, this property is over 50 years old. While the exterior appears well-maintained and the listing notes recent updates such as new windows/doors and updated electrical panels, the complete absence of interior images, particularly of kitchens and bathrooms, strongly indicates these areas are likely outdated and require significant renovation. The description as a 'value-add opportunity' further supports the need for substantial interior updates to enhance value and appeal, placing it in the 'Fair' category where minor to moderate updates are required.
Year Built
1954
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$353
HOA
-
Days on market
-
Sold On
-
MLS number
SB25188481
Home ConditionFair
Features
Patio
View-
About this home
We are 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.
L
Larson Harley
Listing Agent
Condition Rating
Fair
Built in 1954, this property is over 50 years old. While the exterior appears well-maintained and the listing notes recent updates such as new windows/doors and updated electrical panels, the complete absence of interior images, particularly of kitchens and bathrooms, strongly indicates these areas are likely outdated and require significant renovation. The description as a 'value-add opportunity' further supports the need for substantial interior updates to enhance value and appeal, placing it in the 'Fair' category where minor to moderate updates are required.
Pros & Cons
Pros
Prime Location & Market Growth: Strategically located blocks from major entertainment venues like Intuit Dome, SoFi Stadium, and YouTube Theater, driving high rental demand in a robust market that has seen explosive growth.
Significant Value-Add Potential: Offers substantial upside through rental increases and the conversion of five garages with alley access into Accessory Dwelling Units (ADUs), maximizing income potential.
Multi-Unit Income Property: Comprises five distinct units (one 2-bed/1-bath, four 1-bed/1-bath), providing diversified income streams and a stable investment opportunity.
Recent Capital Improvements: Benefits from updated electrical panels and new windows/doors via the FAA Sound Insulation Program, enhancing tenant appeal and reducing immediate maintenance concerns.
Solid Current Financial Performance: Demonstrates a healthy 5.61% CAP Rate and 11.36 GRM, offering a strong foundation for investor returns even before value-add initiatives.
Cons
Age of Property: Built in 1954, the property may require ongoing maintenance or future capital expenditures for systems and components not explicitly mentioned as updated.
Requires Active Management for Value Realization: While offering significant value-add, achieving full potential necessitates active investment and management for rental optimization and ADU development.
Recent Price Adjustment: A recent price reduction from $1.25M to $1.2M could suggest initial overpricing or market resistance, potentially impacting perceived value or negotiation leverage.