About this home

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.

Facts and features

Schools

• Animo Inglewood Charter High School

  high · 9-12 · 0.1 mi

  7

• Cope Academy of Learning

  elementary · K-12 · 0.1 mi

• Kelso (William H.) Elementary School

  elementary · K-7 · 0.6 mi

  1

• Children's Enrichment Center - Artes De Montessori

  elementary · K · 0.2 mi

• Hebrew Israelite Academy

  elementary · K-7 · 0.2 mi

• Animo City Of Champions Charter High

  high · 9-12 · 0.7 mi

  5

Price history

• Oct 19, 2026 · Listed$3,695,000
• Apr 17, 2019 · Sold$3,025,000
• Feb 23, 2019 · Listed$3,495,000

Tax history

• 2025$32,494 tax · $2,275,653 assessed
• 2024$29,996 tax · $2,231,033 assessed
• 2023$29,681 tax · $2,144,401 assessed
• 2022$30,221 tax · $2,102,355 assessed
• 2021$29,944 tax · $2,061,134 assessed
• 2020$28,651 tax · $2,040,000 assessed
• 2019$23,050 tax · $231,608 assessed
• 2018$5,456 tax · $227,068 assessed

Where it is