413 N Market St - Apartments FOR SALE


Inglewood, CA 90302
$1,750,000 USD
818-448-4415
413 N Market St, Inglewood, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 5.2% Cap Rate

413 N Market St
Inglewood, CA 90302


HIGHLIGHTS

  • Prime Inglewood Location
  • Excellent Unit Mix
  • First Time on the Market in 30+ Years
  • Eight (8) Total On-Site Parking Spaces
  • Excellent Opportunity to Convert Carports into ADUs
  • Low Price Per Unit

OVERVIEW

Located in the heart of Inglewood, this property presents an exceptional investment opportunity, featuring spacious unit layouts and an attractive low price per unit. The asset offers an excellent mix of one studio, three one-bedroom, three two-bedroom and one three-bedroom units, along with eight on-site parking spaces and strong value-add potential through the conversion of the existing carport into multiple ADUs under SB1211. Offered for the first time in over 30 years, the property sits adjacent to newly developed townhomes that underscore the neighborhood’s ongoing revitalization. Residents will benefit from its prime location near Downtown Inglewood’s expanding dining and retail scene, major streets such as La Brea, Florence, Manchester, and La Cienega, and close proximity to the Metro K Line, SoFi Stadium, the Kia Forum, and Intuit Dome. Surrounded by major entertainment venues, thriving local businesses, and expanding transit infrastructure, the property offers a new investor a quiet Inglewood location with good value-add opportunity with large units.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

5.2%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,320 SF

ZONING

INC3YY

APN/PARCEL ID

4016-025-013

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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