CA > Inglewood
Inglewood, CA 90302,327 Stepney ST
Inglewood, CA 90302,327 Stepney ST
Inglewood, CA 90302,327 Stepney ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,750,000
Est. payment /mo
0.46 Acres Lot
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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25175206

HOA Y/N No

Year Built 1960

Lot Size 0.459 Acres

Property Sub-Type Mixed Use

Property Description

327–331 Stepney Street presents a unique opportunity to acquire a 20-unit multifamily asset spread across two adjacent parcels in Northwest Inglewood. Set on a combined 20,013 SF lot, the property features a highly diverse unit mix—ranging from spacious 3-bedroom apartments to efficient studios—appealing to a wide tenant base in one of LA's most rapidly evolving rental markets.
The unit mix includes (1) 3-Bed/2-Bath, (1) 3-Bed/1-Bath, (1) 2-Bed/2-Bath, (6) 2-Bed/1.5-Bath, (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, and (7) Studio units, totaling 15,698 rentable square feet. With an attractive in-place CAP rate of 5.44%, a low basis of $302.59 per square foot, and pricing at just $237,500 per unit, the property offers strong current income with significant upside. Investors can target approximately 20% rental growth, supporting a projected market CAP rate of 7.13%.
Ideally located in a quiet residential pocket of Inglewood, and only 2.5 miles from the Intuit Dome and SoFi Stadium, the property is well-positioned to benefit from continued local development and tenant demand. With its favorable unit mix, strong fundamentals, and upside potential, 327–331 Stepney Street stands out as a compelling value-add investment in a high-growth submarket.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Pool None

Community Features Biking

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4016014003

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899

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