132 W Hillsdale St - Apartments FOR SALE


Inglewood, CA 90302
$1,425,000 USD
310-593-9868
132 W Hillsdale St, Inglewood, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/14
null | 5.42% Cap Rate

132 W Hillsdale St
Inglewood, CA 90302


HIGHLIGHTS

  • Outstanding Northwest Inglewood Location | Located Approximately 2 Miles from SoFi Stadium & The Forum, and 2.5 Miles from Intuit Dome
  • New Roof & New Electrical Subpanels | Unit Mix of (1) 3-Bed/2.5-Bath Townhouse Unit, (1) 2-Bed/1-Bath Unit & (3) 1-Bed/1-Bath
  • 5.42% Current Cap Rate & 11.76 Current GRM | 7.46% Pro-Forma Cap Rate & 9.42 Pro-Forma GRM | 2 Units are Less than 80% of Inglewood FMR
  • Tremendous Curb Appeal – Newly Painted Building with New Drought-Tolerant Landscaping
  • 4,648-SF Building on a Large 7,020-SF Lot | Private Patios | Total of 7 Parking Spaces
  • Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line, SpaceX, Tesla, LAX and Upcoming Inglewood Transit Connector Project

OVERVIEW

ASSET 5-unit apartment located in the desirable northwestern pocket of Inglewood. Situated on a 7,020-SF lot, the property is comprised of (one) 3-bedroom/2.5-bathroom townhouse unit, (one) 2-bedroom/1-bathroom unit and (three) 1-bedroom/1-bathroom units. The building has a new roof and the units contain new electrical subpanels. Furthermore, the property was recently painted and features new drought-tolerant landscaping, private patios and a total of 7 parking spaces. LOCATION This 4,648-SF apartment is located approximately 2 miles from SoFi Stadium and The Forum, and 2.5 miles from Intuit Dome (NBA Clippers Arena). It is also conveniently located near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla, LAX Airport and Upcoming $1 Billion Inglewood Transit Connector Project. FINANCIALS 132 W. Hillsdale Street presents tremendous upside with rents that are +/-25% below market. Priced at a pro-forma cap rate of 7.46% and pro-forma GRM of 9.42, the asset provides spectacular upside potential in an incredibly strong location. Two of the units have rents which are less than 80% Inglewood FMR and therefore should qualify for the maximum allowable increase of 8% (5% + 3% CPI), when rent increases are applicable (Buyer to verify). The property also contains stable in-place rents with a current cap rate of 5.42% and current GRM of 11.76. Buyer to conduct their own due diligence and investigation. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

5

PRICE/UNIT

$285,000

CAP RATE

5.42%

% LEASED

100%

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

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,020 SF

ZONING

P1, Inglewood

APN/PARCEL ID

4002-017-020

ASK ABOUT THIS PROPERTY

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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