523 E Hazel St - Apartments FOR SALE


Inglewood, CA 90302
$2,595,000 USD
310-780-1899
523 E Hazel St, Inglewood, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/17
null | 5.71% Cap Rate

523 E Hazel St
Inglewood, CA 90302


HIGHLIGHTS

  • 10 Unit Apartment Building in Northwest Inglewood | 8,535 RSF on a 10,016 SF Lot
  • Unit Mix: (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, (5) 1-Bed/1-Bath
  • 5.71% CAP Rate | $259,500/Unit | $304.40/SF | 10.78 GRM
  • Opportunity to Convert Tuck-Under Parking or Detatched Carport to ADU (Buyer to Verify)
  • 10% Rental Upside | Market Cap Rate of 6.60%
  • Located in a Desirable Northwest Pocket of Inglewood | Only 2.5 Miles From the Intuit Dome and SoFi Stadium

OVERVIEW

523 Hazel Street offers a compelling opportunity to acquire a 10-unit apartment building in Northwest Inglewood, one of LA’s most active and improving rental markets. Situated on a 10,016 SF lot, the property features 8,535 rentable square feet and a well-balanced unit mix that appeals to both families and individual renters. The mix includes (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, and (5) 1-Bed/1-Bath units, offering a strong balance of spacious layouts and efficient floor plans. With an attractive entry CAP rate of 5.71%, pricing at $259,500 per unit and just $304.40 per square foot, the asset provides solid in-place cash flow with room to grow. Investors can target approximately 10% rental upside, supporting a projected market CAP rate of 6.60%. Located only 2.5 Miles from SoFi Stadium and the Intuit Dome and surrounded by quiet residential blocks, the property is ideally positioned within a neighborhood seeing sustained tenant demand and long-term appreciation. With its desirable location, healthy returns, and proven upside, 523 Hazel Street represents a strong multifamily investment in the path of continued growth.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

10

PRICE/UNIT

$259,500

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

INR3*

APN/PARCEL ID

4015-006-030

ASK ABOUT THIS PROPERTY

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 Policy.

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 Policy.