ASSET 6-unit apartment in Inglewood, just 6 blocks from SoFi Stadium. Situated on a 6,748-SF lot, the property is comprised of (one) 2-bedroom/1-bathroom and (five) 1-bedroom/1-bathroom units. The property has been renovated with the City of Inglewood/LAX Sound Insulation Program and features newer windows, newer HVACs, upgraded electrical subpanels, newer doors and the roof has been recently “tuned up”. Furthermore, the building was recently painted and the property includes new drought-tolerant landscaping, private balconies, an on-site laundry facility and 6 parking spaces. LOCATION This 3,670-SF apartment is located just a few blocks from SoFi Stadium, The Forum & the upcoming Inglewood Transit Connector (ITC) and less than 1 mile from Intuit Dome (Clippers Arena). It is also conveniently located near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla and LAX Airport. FINANCIALS 619 Myrtle Avenue presents tremendous upside with rents that are +/-19% below market. Priced at a pro-forma cap rate of 7.78% and pro-forma GRM of 9.34, the asset provides spectacular upside potential in an incredibly strong location. Two of the units have rents which are less than 80% Inglewood FMR and therefore should qualify for the maximum allowable increase of 8%, when rent increases are applicable (Buyer to verify). The property also contains stable in-place rents with a current cap rate of 6.16% and current GRM of 11.07. *Buyer to conduct their own due diligence and investigation. Please do not disturb tenants.