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… Read More 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! Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.3 Acres
Year Built
1959
MLS Number
SB26222712
Additional Details
Building
Built in 1959, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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