500 S Inglewood, Inglewood, CA 90301
500 S Inglewood, Inglewood, CA 90301
500 S Inglewood, Inglewood, CA 90301
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,100,000
Est. payment /mo
10,014 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26148433

HOA Y/N No

Year Built 1964

Lot Size 10,014 Sqft

Property Sub-Type Apartment

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 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.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Carport Spaces 8

Garage Description 2.0

Pool None

Community Features Biking, Park

Total Parking Spaces 10

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4020013026

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899, DRE #01717818

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