Property Description

10203 Crenshaw Blvd is a fantastic 6-unit multi-family investment opportunity located just steps from the brand new NFL Stadium and Hollywood Park Development. Once units are rented for market, the property would operate at a 6.77 CAP and 10.81 GRM. With over 30% upside availability in monthly rental income, this is perfect for any investor looking for a value-add deal in a rapidly appreciating neighborhood. With 4,849 SF of rentable space, the property consists of (4) 2Bed/1Bath & (2) 1Bed/1Bath units. (2) 2Bed/1Bath units have been completely remodeled, leaving nothing untouched. Upgrades include bran new appliances, new floors, countertops, and Washer/Dryer in unit. 10203 Crenshaw Blvd is only 1 block away from the Brand New NFL Stadium, Clippers Arena and the Hollywood Park Development, which will include 500,000 SF of retail space, a 300 unit hotel, 314 apartment units and plenty of office space. This value-add property is an ideal pickup for any buyer looking for great upside in monthly rental income!