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$ 3,500,000
Est. payment | /mo
9 Beds
5 Baths
0.3 Acres Lot
$ 3,500,000
Est. payment | /mo
9 Beds
5 Baths
0.3 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26222712
Bedrooms 9
Lot Size 0.300 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction From the I-405 Freeway, exit La Cienega Boulevard and head north. Turn left onto W Hyde Park Boulevard and continue to 531 W Hyd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4017025028
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran License ID: 02153342