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7324 Crenshaw Blvd
Los Angeles, CA 90043 Park Mesa Heights

$1,895,000 USD

Apartments For Sale  •  8,196 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,196 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 7.01 %
  • Zoning C2-R4
70 Transit Score
60 Walk Score

Highlights

Well maintained two story Classic 1960's Garden Style Apartment Complex. 10 units plus 1 additional non-permitted studio apartment.
Most of the rents are below market and can be increased annually under the Los Angeles Rent Stabilization Ordinance. Raise to market upon turnover.
Corner lot with parking on site for 10 vehicles and laundry room.
Located near Inglewood’s entertainment district, including SoFi Stadium and The Kia Forum.
Strong rental market supported by dense population and proximity to major employers.
Portfolio opportunity with adjacent 20-unit property available.

Financial Summary (Actual)

Net Operating Income: $132,839 USD (2025)
Cap Rate: 7.01 %
Total Expenses: $69,222 USD

Amenities

  • Air Conditioning
  • Courtyard
  • Disposal
  • Laundry Facilities
  • Gated
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Fairview Heights Station (Metro K-Line - Metro - Los Angeles) 2 min 12 min 0.6 mi
Hyde Park Station (Metro K-Line - Metro - Los Angeles) 1 min 20 min 1.1 mi
AirportDriveWalkDistance
Los Angeles International 11 min - 5.8 mi
Bob Hope 32 min - 18.9 mi
Long Beach (Daugherty Field) 28 min - 19.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Covered
Included in Rent: Yes
Stephen Lampe 310-880-1151 RE/MAX Commercial & Investment Realty
Stephen Lampe 310-880-1151 RE/MAX Commercial & Investment Realty