145 W Hillcrest Blvd - Apartments FOR SALE


Inglewood, CA 90301
$1,295,000 USD
310-780-1899
145 W Hillcrest Blvd, Inglewood, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/34
null | 5.94% Cap Rate

145 W Hillcrest Blvd
Inglewood, CA 90301


HIGHLIGHTS

  • Immediate Value-Add Opportunity, Three Units Will be Delivered, Allowing New Ownership to Immediately Renovate in Order to Achieve Market Rental Rates
  • Long Term Ownership, Family Owned & Operated for the Past 29 Years
  • New Ownership has Potential to Add ADUs to the Property Allowing for Added Future Growth and Appreciation Potential - Buyer to verify
  • Convenient Access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, Major Employment Centers and Freeways
  • Subject to Inglewood’s 2-4 Unit Rent Increases (5%+CPI Capped at 10%) Which is Significantly More Landlord Favorable than 5+ Unit Rent Increases in In
  • Strong Owner User Opportunity with a 3-Bedroom Townhome Unit Delivered Vacant

OVERVIEW

This four-unit multifamily property presents an attractive immediate value-add opportunity in a desirable pocket of Inglewood. Family owned and operated for the past 29 years, the property will be delivered with three vacant units, allowing new ownership to immediately renovate and reposition the units toward market rental rates. The unit mix consists of one 3-bedroom/2-bath townhome and three 1-bedroom/1-bath units. With the townhome delivered vacant, the property also presents a strong owner-user opportunity. As a four-unit property, the asset is subject to Inglewood's more favorable 2–4 unit rent increase regulations, allowing annual increases of 5% plus CPI, capped at 10%. The property also offers potential ADU upside for additional future income and appreciation. Buyer to verify. The property benefited from a comprehensive FAA-funded residential sound insulation retrofit approximately 25 years ago, including upgraded HVAC systems, electrical improvements, and noise-reducing windows and doors. Ideally located in Inglewood with a Walk Score of 87, the property provides convenient access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, major employment centers, retail, entertainment, and freeways. Offered at a 5.95% CAP rate on scheduled income, the property combines strong in-place income with immediate value-add potential, favorable vacancy, and long-term upside.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,881 SF

ZONING

INP1YY

APN/PARCEL ID

4020-028-018,4021-019-016

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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