313 E Hazel St - Apartments FOR SALE


Inglewood, CA 90302
$1,645,000 USD
310-593-9868
313 E Hazel St, Inglewood, CA for Sale
$1,645,000 USD
Apartments - FOR SALE
1/20
null | 6.76% Cap Rate

313 E Hazel St
Inglewood, CA 90302


HIGHLIGHTS

  • 6 Single-Story Units on a Large 15,508-SF Lot | Outstanding North Inglewood Location
  • Large Lot & Ample Parking Area Present Desirable Opportunity to Add Up to 6 ADUs | New Roof and New Electrical | Three Units Recently Renovated
  • Located Approximately 1.5 Miles from SoFi Stadium & The Forum, and 2 Miles from Intuit Dome | Tremendous Curb Appeal –New Drought-Tolerant Landscaping
  • Outstanding Unit Mix | Spacious 3-Bedroom Unit with Large Private Backyard & New Washer/Dryer Hook-Ups
  • Each Unit Contains Individual Hot Water Heaters | On-Site Laundry Facility, 6 Garage Spaces & Large Rear Parking Area
  • Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla & LAX Airport

OVERVIEW

ASSET 6 single-story units on a large 15,508-SF lot in north Inglewood. The property is comprised of (1) 3-bedroom/1-bathroom unit, (2) 2-bedroom/1-bathroom units, (2) 1-bedroom/1-bathroom units and (1) studio/1-bathroom unit. The 3-bedroom unit is spacious and has a large private backyard and new washer/dryer hook-ups. Three of the units have been recently renovated and the studio unit is currently vacant. Each unit has individual hot water heaters and updated electrical subpanels. The property features a new roof, new electrical, new drought-tolerant landscaping, an on-site laundry facility, 6 garage spaces and a large parking area at the rear. The large lot and parking areas present a desirable opportunity to add up to 6 ADUs or redevelop the property to an 11-unit apartment (Buyer to verify). LOCATION 313 E. Hazel Street is located approximately 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. 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 This 4,886-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 6.76% and current GRM of 10.51 and a pro-forma cap rate of 8.43% and pro-forma GRM of 8.90.

FOR SALE DETAILS

PRICE

$1,645,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

6

PRICE/UNIT

$274,167

CAP RATE

6.76%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,508 SF

ZONING

INR3YY

APN/PARCEL ID

4016-016-016

ASK ABOUT THIS PROPERTY

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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