509 Hyde Park Pl - Apartments FOR SALE


Inglewood, CA 90302
$1,850,000 USD
310-722-3161
509 Hyde Park Pl, Inglewood, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/19
null | 5.68% Cap Rate

509 Hyde Park Pl
Inglewood, CA 90302


HIGHLIGHTS

  • Capitalize on this multifamily building, offering investors a turnkey asset in the heart of sought-after Inglewood.
  • Located with residents in mind, with speedy access to the 405, swiftly connecting the property throughout Los Angeles.
  • Tenants enjoy conveniences like Ralphs, Starbucks, Subway, and local shops and restaurants just steps from home (Walk Score of 74).
  • Located in close proximity to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, and LAX.
  • Area demographics bode well for investors seeking a foothold in the area, with mostly renter-occupied households within a 2-mile radius.
  • Recent upgrades include new roof on bdg #1, painting of all exteriors, new entry gate/motor, newer electrical meter, copper plumbing, new water heater

OVERVIEW

Rare opportunity to invest in an ever-expanding and developing area that has become a highly sort-after location for renters, investors and developers. Located in the heart of Inglewood, 509 Hyde Park Pl offers Close Proximity to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park casino, shopping and restaurant complex and Los Angeles International Airport. The property has 9 units in 2 buildings and also offers 11 parking spaces (9 spaces on the property and 2 additional spaces outside front gate). With a Unit Mix of 5 x 1 BRs, 1 x 2 BRs and 3 x Studios, the property's recent upgrades include new roof on building #1, the painting of all exteriors, new entry gate/motor, newer electrical meter, copper plumbing, new water heater. Units have AC/Heating wall units and some units have private patios. Laundry On-Site. Master Gas Meter. With a Walk Score of 7 509 Hyde Park Pl is popular with tenants.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$558 USD /SF

# OF UNITS

9

PRICE/UNIT

$205,556

CAP RATE

5.68%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Solid Investment w/ Easy Management & Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,015 SF

ZONING

INGLEWOOD R3

APN/PARCEL ID

4014-027-021

ASK ABOUT THIS PROPERTY

Mason CanterKW CommercialMore Info
310-722-3161

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Mason CanterKW CommercialMore Info
310-722-3161

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