Est. cap rate

4.0%

Assumed rent, all units

$8,560/mo

Units

4

Price per unit

$323,750

Est. annual NOI

$51,360

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

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Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

6

Bathrooms

5

Building size

3,974 sqft

Lot size

5,873 sqft

Year built

1964

Stories

2

Garage spaces

0

Cooling

None

Pool

None

View

None

Status

Active

Days on market

1

MLS #

247130222

About this property

This four-unit multifamily property presents an attractive immediate value-add opportunity in a desirable pocket of Inglewood. Family owned and operated for the past 29 years, the property will allow new ownership to immediately renovate and reposition the units toward market rental rates. The unit mix consists of one 3-bedroom/2-bath townhome and three 1-bedroom/1-bath units. The property also presents a strong owner-user opportunity. As a four-unit property, the asset is subject to Inglewood's more favorable 2–4 unit rent increase regulations, allowing annual increases of 5% plus CPI, capped at 10%. The property also offers potential ADU upside for additional future income and appreciation. Buyer to verify. The property benefited from a comprehensive FAA-funded residential sound insulation retrofit approximately 25 years ago, including upgraded HVAC systems, electrical improvements, and noise-reducing windows and doors. Ideally located in Inglewood with a Walk Score of 87, the property provides convenient access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, major employment centers, retail, entertainment, and freeways. Offered at a 5.95% CAP rate on scheduled income, the property combines strong in-place income with immediate value-add potential, favorable vacancy, and long-term upside.

Location

145 W Hillcrest

Inglewood, Los Angeles, CA, 90301