621 E 99th St - Apartments FOR SALE


Inglewood, CA 90301
$9,250,000 USD
310-956-2291
621 E 99th St, Inglewood, CA for Sale
$9,250,000 USD
Apartments - FOR SALE
1/29
null | 6.08% Cap Rate

621 E 99th St
Inglewood, CA 90301


HIGHLIGHTS

  • Substantially Renovated 28-Unit Community in the City of Champions.
  • The property has undergone extensive capital improvement, including upgrades to the electrical, plumbing, roof, and windows.
  • Modern Unit Amenities - All units feature washers and dryers and central AC/heat.
  • Exceptional Resident Amenities & Common Areas.
  • Walkable to SoFi Stadium and the Hollywood Park Complex.

OVERVIEW

John Katnik of BRC Advisors is pleased to present the exclusive offering of 621 E. 99th St., a turnkey apartment community located in the heart of Inglewood. This asset presents a rare opportunity to acquire a substantially renovated, high-quality 28-unit apartment community within walking distance of SoFi Stadium and just minutes from the transformative Hollywood Park development and the Intuit Dome. The property offers investors the opportunity to acquire a high-quality asset in one of Southern California’s fastest-growing rental markets. The property has undergone extensive renovations, including upgrades to the electrical, plumbing, roof, and windows. Since acquiring the property, ownership has further enhanced the asset by completing full interior renovations in 26 of the 28 units. Additional improvements include the conversion of a former storage area into a modern fitness center, the addition of a beautifully renovated community restroom, and the replacement of plumbing fixtures throughout the property with ultra-efficient water-saving fixtures designed to improve water conservation and reduce operating expenses. The property also has 28 gated parking spaces and 14 additional garage spaces. All units feature washers and dryers and central air conditioning and heating, providing residents with highly desirable modern amenities that support tenant retention and rental premiums. The property also features a beautifully maintained pool area and upgraded community spaces, including outdoor tables and chairs, a BBQ area, and inviting gathering spaces that create an enhanced resident experience. Positioned in one of Southern California’s most dynamic rental markets, 621 E. 99th St. offers investors stable cash flow, significant renovation completion, and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$9,250,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

28

PRICE/UNIT

$330,357

CAP RATE

6.08%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 28 Units Steps from SoFi Stadium!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,091 SF

ZONING

INR3YY

APN/PARCEL ID

4024-043-028

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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