917 Edgewood St - Apartments FOR SALE


Inglewood, CA 90302
$2,950,000 USD
424-653-1854
917 Edgewood St, Inglewood, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/14
null | 5.66% Cap Rate

917 Edgewood St
Inglewood, CA 90302


HIGHLIGHTS

  • 13 spacious units with ample on-site parking
  • 6 attached garage spaces offer potential for future ADU conversion
  • Attractive 5.66% cap rate and low 10.81 GRM
  • Balanced mix of studio, one-bed, and two-bed units
  • Prime North Inglewood location 2 miles from SoFi Stadium, the Kia Forum, & Intuit Dome
  • Steps away from dining, shopping, and entertainment along La Brea and Centinela Avenue ‘Walkers Paradise’ score of 90 on Walkscore

OVERVIEW

Kidder Mathews, as exclusive listing agent, is pleased to present 917 Edgewood St, a charming 13-unit apartment community in North Inglewood, just minutes from the world-renowned Hollywood Park development. THE ASSET Built in 1956, 917 Edgewood Street is a thoughtfully designed 13-unit apartment community situated on an 11,102 square foot lot with 9,875 square feet of building area. The property features a desirable and well-balanced unit mix consisting of (2) two-bed/one-bath units, (9) one-bed/one-bath units, (1) studio, and (1) bachelor. The site provides ample on-site parking with 17 total spaces, including 10 covered garage spaces that may present an opportunity for future ADU conversion (buyer to verify). Edgewood delivers an attractive initial 5.66% cap rate and a low GRM of 10.81, with approximately 13% rental upside achievable through unit turnover and renovation. The building is subject to the City of Inglewood’s Housing Protection Ordinance, which allows for a favorable 8% annual rent increase for units with current rents below 80% of HUD Fair Market Rent. THE NEIGHBORHOOD 917 Edgewood St is ideally positioned within North Inglewood, offering a balanced blend of residential tranquility and walkable urban convenience. The property is located just two blocks from La Brea Plaza, a bustling neighborhood center anchored by a wide array of dining, retail, and service amenities including Starbucks, Popeyes, Subway, Domino’s Pizza, Baskin-Robbins, multiple salons, and La Brea Seafood Market. Ralphs supermarket sits directly across from the plaza, providing residents with convenient daily-needs shopping just a 5-minute walk from the property. Residents also enjoys exceptional proximity to some of the most high-profile entertainment venues in the country. Located within 2 miles of SoFi Stadium, the Kia Forum, the Intuit Dome, and Hollywood Park Casino, residents have immediate access to one of the nation’s fastest-growing sports and entertainment districts. Over the next several years, this area is set to host many of the world’s most celebrated events—including the 2028 Summer Olympics, multiple FIFA World Cup matches, the Clippers’ inaugural season at the Intuit Dome, ongoing Rams and Chargers games, championship boxing, premium concerts, and major cultural festivals.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

13

PRICE/UNIT

$226,923

CAP RATE

5.66%

% 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

1956

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,102 SF

ZONING

INR3*

APN/PARCEL ID

4016-002-006

ASK ABOUT THIS PROPERTY

Darin BeebowerKidder MathewsMore Info
424-653-1854

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Darin BeebowerKidder MathewsMore Info
424-653-1854

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