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11,982 sqft

$3,695,000

8400 Crenshaw Drive, Inglewood CA, 90305

Price per sqft$308.38
Built in1953
Property size11,982 sqft
Property typeOther

Overview

Active

Listed Oct 19, 2026

Updated 20h ago

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.

$24,583/mo

Est. mortgage payment based on a $3,695,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26103115

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.62 Acres
MLS provider logo

Listed by Joshua Cohen, with Keller Williams Realty
Listing Contact: 310-480-2130 

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