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Listed by Brett Lyon, DRE #01717818 • Lyon Stahl Investment Real Estate, Inc.
$ 2,100,000
Est. payment /mo
Active
500 S Inglewood Inglewood, CA 90301
10,015 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26148433
Year Built 1964
Lot Size 10,015 Sqft
Source California Regional MLS
Property 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 c
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 4020013026
Special Listing Condition Not Applicable
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