Properties

Los Angeles, CA 90043 7324 Crenshaw

Presented By: Stephen Lampe with Re/Max Commercial & Investment; slampe@remaxcir.com
  • MLS# SB26064738
  • 03/25/2026
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  • Baths • 1
  • SQFT • 8,150

Home Details

The subject property is a two-story walkup apartment complex consisting of a 10 unit building with an additional non-permitted unit on one parcel. The building was constructed in 1961 and has 7 (1+1), 3 (2+1) units and a non permitted studio apartment. There is a laundry room onsite, and parking for 10 vehicles. The property and improvements have been well maintained by long term ownership, and there is significant upside in rental income as units turnover. The adjacent property at 3321-3325 West 74th Street is a 20 unit apartment building and is being offered for sale by the same ownership as a portfolio. The property is well located just 7 minutes east of the thriving entertainment district of Inglewood which features SoFi Stadium, The Kia Forum, Intuit Dome, YouTube Theatre, Hollywood Park Casino and a multitude of dining options. Even closer to the property are Centinela Hospital, Target, Costco, Home Depot. There are major employers just 30 minutes away in Downtown LA. The area is densely populated which results in a strong rental market.
Presented By: Stephen Lampe with Re/Max Commercial & Investment; slampe@remaxcir.com

Interior Features for 7324 Crenshaw

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 7324 Crenshaw

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate7.01
Carport Spaces10
Carport Y/NYes
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsSouth of Florence on Crenshaw
Electric Expense900
Entry LocationGated
Expected Active Date 2026-03-25
Fuel Expense480
Garage Spaces
Garage Y/NNo
Gross Income209761
Insurance Expense9000
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet7151
Lot Size UnitsSquare Feet
MLS AreaC36 - Metropolitan Southwest
MaintenanceExpense6879
Net Operating Income132196
New ConstructionNo
Number Of Units Total11
Number of Units Leased11
Operating Expense69222
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot11
Taxes$25,000
Tenant PaysElectricity, Gas
Total Actual Rent208561
Trash Expense3200
Water Sewer Expense5850
Year Built1961
Year Built SourceAssessor

Exterior for 7324 Crenshaw

Building Area Total8150
Lot Features36-40 Units/Acre
Lot Size Acres0.1642
Lot Size Area7151
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Private PoolNo
Total Parking10
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,895,000
MLS#SB26064738
List Date 03/25/2026
Property Type Multi-Family
Phone 888.795.6274
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