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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$3,500,000

Est. payment - /mo

0.3 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26222712

HOA Y/N No

Year Built 1959

Lot Size 0.300 Acres

Property Sub-Type Apartment

Property Description

13 very large units operating at an in-place 6.41% cap rate and 10.61 GRM! 531 W Hyde Park Boulevard is located in one of the most coveted pockets of Inglewood, just north of Florence Avenue, with close proximity to Culver City, Downtown Los Angeles, and the beach. This prime location offers convenient access to SoFi Stadium, home of the Rams and Chargers, the Intuit Dome, YouTube Theater, and COSM.

The property features a highly desirable unit mix consisting of (11) 2-bedroom, 1-bathroom units and (2) 3-bedroom, 2-bathroom units. Major capital improvements have been completed throughout the property, including system upgrades and unit renovations. There is still over 20% rental upside potential through improved management and a tremendous ADU opportunity, with three potential tuck-under units estimated at $100,000 per unit or a detached four-unit ADU development over the parking area, subject to city approval.

The property currently offers 12 on-site parking spaces, helping preserve long-term tenancy. This is an exceptional investment opportunity in one of Inglewood's most exciting and rapidly developing markets. Don't miss this deal!

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Biking, Curbs, Park

Total Parking Spaces 12

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4017025028

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

NEARBY SCHOOL & BUSINESS

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531 W Hyde Park Inglewood, CA 90302