500 S Inglewood,Inglewood, CA 90301
Inglewood, CA 90301
Description
500 S Inglewood Avenue is a well-maintained seven-unit multifamily property situated on a 10,015 square foot lot in one of Inglewood's most desirable residential neighborhoods. Built in 1964, the property consists of an attractive unit mix of one (3-Bedroom/2.5-Bath) townhouse-style unit, three (2-Bedroom/2-Bath) units, and three (1-Bedroom/1-Bath) units, totaling approximately 7,726 square feet of rentable building area. Offered at a 4.78% Current CAP Rate and 11.22 Current GRM, the property provides investors with significant rental upside through the repositioning of below-market rents. Upon stabilization, the asset offers a projected 5.95% Market CAP Rate and 9.86 Market GRM, presenting an excellent opportunity to increase cash flow over time. The property features eight carport parking spaces and two enclosed garage spaces, along with an attractive courtyard-style layout that enhances tenant appeal. The spacious unit mix, desirable parking ratio, and well-maintained common areas contribute to the long-term stability and desirability of the investment. Conveniently located near LAX, SoFi Stadium, Intuit Dome, Hollywood Park, the Metro K Line, and major transportation corridors including the 405 and 105 Freeways, the property benefits from exceptional access to employment centers, entertainment destinations, and retail amenities throughout the South Bay and greater Los Angeles area. This offering presents an opportunity to acquire a quality multifamily asset with stable in-place income and meaningful long-term appreciation potential.
Details
| MLS # | SB26148433 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 70 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Brett Lyon |
Features
| SQ Feet | 7,726 |
|---|---|
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Acreage | 0.23 |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90301 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90301) | |
Price: $2,100,000 low | high Med: $1,637,400 sqft: 7,726 low | high Med: 3,465 $ / sqft: $272 low | high Med: $515 On site: 70 low | high Med: 72 | |
Market Activity 90301
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90301 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90301) | |
Price: $2,100,000 low | high Med: $1,637,400 sqft: 7,726 low | high Med: 3,465 $ / sqft: $272 low | high Med: $515 On site: 70 low | high Med: 72 | |
 | $1,525,000320 Lime StreetInglewood, CA 90301 |