10206-10208 S Inglewood Ave - Apartments FOR SALE


Los Angeles, CA 90304 | 
$2,850,000 USD
310-909-5444
10206-10208 S Inglewood Ave, Los Angeles, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/27
null | 6.49% Cap Rate

10206-10208 S Inglewood Ave
Los Angeles, CA 90304


HIGHLIGHTS

  • comprised of two separate structures situated side by side, each configured with a uniform unit mix of one-bedroom/one-bathroom units.
  • Gated tuck-under parking is accessed directly from Inglewood Avenue, with approximately 20 total spaces split evenly between the two buildings.
  • Interior upgrades: newer windows throughout both buildings, along with select units featuring tile flooring, granite countertops, mini split A/C.
  • Each building is served by its own dedicated on-site laundry room, equipped with 2 Speed Queen washers and 2 Speed Queen dryers.
  • All units are separately metered for electricity, with Centron electric meters and Square D circuit breakers.

OVERVIEW

The Neema Group at Marcus & Millichap is pleased to present 10206-10208 S Inglewood Avenue, a 20-unit multifamily investment opportunity in Inglewood, offered at $2,850,000 ($142,500/unit, $218/SF), reflecting a 6.49% cap rate and 8.07 GRM on in-place income. The property is comprised of two separate structures situated side by side, each configured with a uniform unit mix of one-bedroom/one-bathroom units offering consistent tenant appeal and simplified management. Gated tuck-under parking is accessed directly from Inglewood Avenue, with approximately 20 total spaces split evenly between the two buildings and individual storage located above each space. Interior upgrades include newer windows throughout both buildings, along with select units featuring tile flooring, granite kitchen countertops, and mini-split A/C systems. Each building is served by its own dedicated on-site laundry room, equipped with 2 Speed Queen washers and 2 Speed Queen dryers, providing tenant convenience and an existing income stream. All units are separately metered for electricity, with Centron electric meters and Square D circuit breakers and subpanels serving individual A/C systems and bathroom exhaust fans throughout both structures. A shared playground and recreation area sits behind the two buildings, presenting an opportunity for a new owner to improve landscaping and better activate the common area as an additional property amenity.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

20

PRICE/UNIT

$142,500

CAP RATE

6.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,600 SF

ZONING

C2

APN/PARCEL ID

4036-002-005

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.