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7324 Crenshaw Los Angeles, CA $ 1,895,000
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7324 Crenshaw
$ 1,895,000
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7324 Crenshaw

Los Angeles, CA, 90043
$ 1,895,000
Baths1.0 Sq 8,150

Monthly Estimate*

$ 11,668

Listed by Re/Max Commercial & Investment
7324 Crenshaw, Los Angeles, CA 90043 - Image 1
Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,895,000 with 1 full bath. This 8,150 square foot home was built in 1961 on a lot size of 0.1642.

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.

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Multi-Family Active

Price

$ 1,895,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1642

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB26064738

Days on Market

2
Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1961
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 209761
Community Features Urban
County Los Angeles
Net Operating Income 132196
Operating Expense 69222
Insurance Expense 9000
New Construction false
Property Type Residential Income
MaintenanceExpense 6879
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions South of Florence on Crenshaw
City Los Angeles
Entry Location Gated
Senior Community Y/N false
Number Of Units Total 11
MLS Area C36 - Metropolitan Southwest
Lot Size Units Square Feet
Lot Size Square Feet 7151
Carport Spaces 10
Carport Y/N true
Number of Units Leased 11
Listing Terms Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 900
Fuel Expense 480
Trash Expense 3200
Water Sewer Expense 5850
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 11
Total Actual Rent 208561
Property Sub Type Additional Apartment
Expected Active Date 2026-03-25
Taxes 25000
Cap Rate 7.01
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 36-40 Units/Acre
Water Source Public
Total Parking 10
Lot Size Area 7151
Number of Buildings 1
Building Area Total 8150
Lot Size Acres 0.1642
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
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* Excluded Features
List By
Re/Max Commercial & Investment

Broker

slampe@remaxcir.com

Email

Affordability Calculator

$11,668
Per Month
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0%
Monthly Principal & Interest
$11,668
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/25/2026$1,895,000 Listed Price

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7324 Crenshaw, Los Angeles, CA, 90043 is a Multi-Family Home for sale at $1,895,000 with 8,150 sqft and a lot size of 0.1642. 7324 Crenshaw is a studio with 1.0 baths and was built in 1961. The property's zip code is 90043 which is in Los Angeles, CA

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