11123 S Inglewood Ave - Apartments FOR SALE


Inglewood, CA 90304 | 
$4,475,000 USD
310-902-8977
11123 S Inglewood Ave, Inglewood, CA for Sale
$4,475,000 USD
Apartments - FOR SALE
1/15
null | 6.35% Cap Rate

11123 S Inglewood Ave
Inglewood, CA 90304


HIGHLIGHTS

  • Well-maintained 24-unit multifamily community.
  • Efficient, all-studio unit mix.
  • Stable, immediate cash flow coupled with exceptional upside potential.
  • Strategically positioned between LAX and the Inglewood Sports & Entertainment District.

OVERVIEW

11123 South Inglewood Avenue is a well-maintained, 24-unit multifamily community located in the unincorporated Los Angeles County submarket of Lennox, immediately adjacent to the City of Inglewood. Comprising 7,592 square feet on an 8,641-square-foot lot (zoned LCC2*), the building features an efficient, all-studio unit mix. The property offers stable, immediate cash flow coupled with exceptional upside potential. Current rents range from $1,146 to $1,595 per month, with existing leases trailing prevailing market averages. With two current vacancies, an incoming owner has the immediate opportunity to achieve top- of-market rents, as well as tremendous upside upon turnover. Strategically positioned between LAX and the Inglewood Sports & Entertainment District, the asset enjoys exceptional connectivity to major regional employment centers and infrastructure developments.

FOR SALE DETAILS

PRICE

$4,475,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

24

PRICE/UNIT

$186,458

CAP RATE

6.35%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Coral Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,641 SF

ZONING

LCC2*

APN/PARCEL ID

4039-020-004

ASK ABOUT THIS PROPERTY

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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