Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

13

Building size

10,218 sqft

Lot size

13,073 sqft

Year built

1959

Stories

2

Garage spaces

12

Pool

None

Status

Active

Days on market

0

MLS #

248453773

About this property

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

531 W Hyde Park

Inglewood, Los Angeles, CA, 90302