524 E Hazel St Inglewood, CA 90302
Well-maintained 6-unit property with upgrades and future development potential.
Lot size:
0.14 AcresProperty Features for 524 E Hazel St
General Information
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1958
Source: Californian Estates
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Inglewood 6-Unit Investment Property
Located on a quiet, tree-lined street in North Inglewood, this 6-unit investment property features an actual CAP rate of 5.99% and a GRM of 11.58, with a market CAP rate of 6.2%. The well-maintained asset offers investors strong in-place income and long-term upside in a growing market. The location is minutes from SoFi Stadium, the Hollywood Park redevelopment, and the future Crenshaw Metro line, offering tenant demand and appreciation potential. All units have been upgraded with laminate flooring, modern finishes, and stainless steel appliances. Additional improvements include a newer roof, copper plumbing, and fresh exterior paint. Zoned R3, the site offers future development flexibility. This is an opportunity for multifamily investors looking for a low maintenance and consistent cashflow asset.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.3481629
- Latitude
- 33.9725298
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FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit property with upgrades and future development potential.
Where is this apartment building located?
The property is located at 524 E Hazel St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: - Strong Income: Actual CAP rate of 5.99% and GRM of 11.58, with a market CAP rate of 6.2%.; - Prime Location: Minutes from SoFi Stadium, Hollywood Park redevelopment, and future Crenshaw Metro line.; - Upgraded Units: Tastefully upgraded with laminate flooring, modern finishes, and stainless steel appliances.