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Nine-Unit Apartment Building
For Sale
Contact for pricing
Pending

228 Stepney St, Inglewood, CA 90302

Vacant apartment property with renovations underway and approved plans for four additional ADUs.

Property SizeContact for details
Days on Market143

Property Features for 228 Stepney St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Utilities to Site Yes
Multifamily Units 9

Building Details

Buildings 1
Listing Agency: Global Platinum Properties
Listed By: Julio Ruiz · License #01911261
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Platinum Properties

Investment Insights

Based on property information with market context.

The property is a 9-unit apartment building that is currently vacant, with units undergoing renovation. Rough construction and substantial site work have been completed, leaving remaining finishes and improvements for the next owner to determine. Approved plans provide for four RTI ADUs through garage and carport conversions, including two attached and two detached units.

Apartments are individually metered for gas and electricity. The property is located at 228 Stepney St in Inglewood, near the Rams Stadium, Forum, Culver City, and Playa Vista. The offering reflects a 6.6% current cap rate and an 11.4 GRM.

Key Highlights

  • 9‑unit apartment building, currently 100% vacant
  • 4 RTI ADUs under construction with approved conversion plans
  • ADU plans include 2 attached and 2 detached units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,001
Businesses Nearby

Demographics for 90302, CA

29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant apartment property with renovations underway and approved plans for four additional ADUs.
Where is this apartment building located?
The property is located at 228 Stepney St Inglewood, CA.
What are key features of this property?
This property features: 9‑unit apartment building, currently 100% vacant; 4 RTI ADUs under construction with approved conversion plans; ADU plans include 2 attached and 2 detached units
(310) 666-2246 Call to check price and availability
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