949 N Cedar St - Apartments FOR SALE


Inglewood, CA 90302
$3,100,000 USD
310-956-2291
949 N Cedar St, Inglewood, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/23
null | 5.23% Cap Rate

949 N Cedar St
Inglewood, CA 90302


HIGHLIGHTS

  • Rare Bungalow-Style Apartment Community – 949 N Cedar St consists of 11 units spread across seven separate structures!
  • Massive 27,744 SF Lot – The property sits on an oversized parcel, providing significant intrinsic land value and long-term investment appeal!
  • Strong In-Place Cash Flow with Rental Upside – The asset is 100% occupied with stable tenants and solid existing income with upside!
  • Excellent Tenant Amenities – All units feature in-unit W/D hookups, while each 2-bedroom unit includes a private one-car garage and one open space!
  • Prime North Inglewood Location – Located just off Centinela Ave, the property benefits from strong tenant demand and close access to SoFi Stadium!

OVERVIEW

John Katnik of BRC Advisors is pleased to present the exclusive offering of 949 N Cedar St, a rare multifamily investment opportunity located in the highly desirable North Inglewood submarket. The property consists of 11 bungalow-style units spread across seven separate structures on an expansive 27,744 square foot lot. Originally constructed in 1948, the property features ten spacious 2-bedroom/1-bath units and one non-conforming 1-bedroom/1-bath unit, creating a unique low-density apartment community rarely found in today's market. A major amenity of the property is its abundant parking and resident-friendly unit features. Each 2-bedroom unit includes a private one-car garage along with an additional open parking space directly behind the garage. The property also features ample additional open parking throughout the rear of the lot. Additionally, all units are equipped with in-unit washer and dryer hookups, a highly desirable amenity that continues to drive tenant demand and retention. Situated in a prime North Inglewood location just off Centinela Avenue, the property benefits from convenient access to major employment centers, transportation corridors, and Inglewood's ongoing redevelopment.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

11

PRICE/UNIT

$281,818

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Unit Bungalow Style Units in Inglewood!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,744 SF

ZONING

P1, Inglewood

APN/PARCEL ID

4017-005-030

ASK ABOUT THIS PROPERTY

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

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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.