500 S Inglewood Ave - Apartments FOR SALE


Inglewood, CA 90301
$2,100,000 USD
310-780-1899
500 S Inglewood Ave, Inglewood, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/23
null | 4.78% Cap Rate

500 S Inglewood Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Property is Situated on a Large 10,015 SF Lot with 7,726 SF of Building Area
  • Excellent Unit Mix: (1) 3-Bedroom/2.5-Bath Unit, (3) 2-Bedroom/2-Bath Units & (3) 1-Bedroom/1-Bath Units
  • Attractive Courtyard-Style Property with Eight Carports & Two Enclosed Garage Spaces
  • Significant Rental Upside with Below-Market In-Place Rents
  • Convenient Access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, Major Employment Centers & Freeways
  • 4.78% Current CAP Rate | 11.22 Current GRM | Projected 5.95% Market CAP Rate & 9.86 Market GRM

OVERVIEW

500 S Inglewood Avenue is a well-maintained seven-unit multifamily property situated on a 10,015 square foot lot in one of Inglewood's most desirable residential neighborhoods. Built in 1964, the property consists of an attractive unit mix of one (3-Bedroom/2.5-Bath) townhouse-style unit, three (2-Bedroom/2-Bath) units, and three (1-Bedroom/1-Bath) units, totaling approximately 7,726 square feet of rentable building area. Offered at a 4.78% Current CAP Rate and 11.22 Current GRM, the property provides investors with significant rental upside through the repositioning of below-market rents. Upon stabilization, the asset offers a projected 5.95% Market CAP Rate and 9.86 Market GRM, presenting an excellent opportunity to increase cash flow over time. The property features eight carport parking spaces and two enclosed garage spaces, along with an attractive courtyard-style layout that enhances tenant appeal. The spacious unit mix, desirable parking ratio, and well-maintained common areas contribute to the long-term stability and desirability of the investment. Conveniently located near LAX, SoFi Stadium, Intuit Dome, Hollywood Park, the Metro K Line, and major transportation corridors including the 405 and 105 Freeways, the property benefits from exceptional access to employment centers, entertainment destinations, and retail amenities throughout the South Bay and greater Los Angeles area. This offering presents an opportunity to acquire a quality multifamily asset with stable in-place income and meaningful long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

4.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,010 SF

ZONING

C2

APN/PARCEL ID

4020-013-026

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.