1035 S Myrtle Ave - Apartments FOR SALE


Inglewood, CA 90301
$5,500,000 USD
310-990-2131
1035 S Myrtle Ave, Inglewood, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1035 S Myrtle Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Excellent location for long-term rent growth and tenant retention
  • Walking distance to major entertainment, healthcare, and employment centers
  • Mostly 2 bedroom units with plenty of on-site parking
  • Strong upside through interior upgrades and repositioning
  • Close to LAX, freeways, and public transit
  • Across street from Centinela Hospital - mid term rental opportunity for nurses/staff

OVERVIEW

This well positioned 22-unit multifamily property is located within blocks of Centinela Hospital and transformational projects like SoFi Stadium, the Intuit Dome, Hollywood Park, and the Kia Forum — with continued infrastructure and commercial development fueling long-term appreciation and rising rental demand. The property is comprised of eleven (11) 2 bed/2 bath, nine (9) 1 bed/1 bath, and two (2) studio units. With a current 5% cap rate and 11.3 GRM and rental upside of approximately 26%, this opportunity offers good cash flow and even better growth potential given its location. Inglewood continues to outperform neighboring markets with robust investment activity, consistent population inflow, and multi-billion dollar development surrounding this site.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

22

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Corinthian

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,395 SF

ZONING

INRM*

APN/PARCEL ID

4024-016-027

ASK ABOUT THIS PROPERTY

Daniel ShiehLyon Stahl Investment Real EstateMore Info
310-990-2131

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Daniel ShiehLyon Stahl Investment Real EstateMore Info
310-990-2131

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