614 S Myrtle Ave - Apartments FOR SALE


Inglewood, CA 90301
$2,150,000 USD
310-650-3510
614 S Myrtle Ave, Inglewood, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | 6.06% Cap Rate

614 S Myrtle Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Ideal Inglewood Location - Walking Distance to SoFi
  • Easy Freeway and Airport Access
  • Uniquely Large Units, Including 3 & 4 Units
  • ADU Development Opportunity with Plans
  • Ample Parking
  • Strategic Long Term Hold

OVERVIEW

A Rare Investment Opportunity in the Heart of Inglewood Nestled in a tranquil residential pocket just moments from the vibrant energy of the new SoFi Stadium, this property presents a compelling investment opportunity within Inglewood’s flourishing and fast-growing urban landscape. Enjoy the convenience of being within walking distance to La Brea Avenue’s bustling corridor, Market Street’s eclectic mix of shops and eateries, and the emerging downtown Inglewood scene—all contributing to a dynamic, walkable neighborhood on the rise. The existing property features generously sized residences that offer not only long-term comfort but also significant upside potential. With established tenants and rents currently below market rate, savvy investors can benefit from a reliable income stream while positioning themselves to take full advantage of future rent growth, property appreciation, and increasing demand fueled by Inglewood’s ongoing transformation. A standout feature of this offering is the existing carport and storage structure, which already has plans in place for the development of a detached 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU). This addition presents a unique opportunity to further enhance rental income and long-term property value. Ample parking will still remain on the lot, preserving convenience for current and future tenants. Although the property has a leasing history of 7 units, the Certificate of Occupancy currently reflects approval for 6 units, indicating untapped potential for optimization and compliance. For the forward-thinking investor, this represents a strategic entry point into a market that continues to break new ground. Inglewood is rapidly becoming one of Southern California’s most desirable investment markets, buoyed by the development of the Intuit Dome, Hollywood Park, the Kia Forum, and ongoing city-wide revitalization projects. With easy access to major freeways including the I-405, I-105, and I-110, as well as proximity to LAX, this location offers unmatched regional connectivity for residents and tenants alike. 614 Myrtle Ave is more than just an income property—it’s a gateway to the future of Inglewood. Don’t miss your chance to secure a stake in one of LA’s most exciting and promising neighborhoods.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

6

PRICE/UNIT

$358,333

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

INR3YY

APN/PARCEL ID

4021-040-023

ASK ABOUT THIS PROPERTY

Rob ZahariaNAI CapitalMore Info
310-650-3510

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Rob ZahariaNAI CapitalMore Info
310-650-3510

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