10-Unit Multifamily Income
For Sale
$2,550,000
230 Stepney St, Inglewood, CA 90302
Ten-unit building with copper plumbing and a recently added central hot water heater, offered as part of a 3-building package.
Property Size9,260 SF
Days on Market126
Property Features for 230 Stepney St
General Information
Standard status
Active
Size
9,260 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Centinela Heights
Additional Details
Multifamily Units
10
Building Details
Building Size
9,260 SF
Year Built
1960
Listing Agency:
Realty Executives Westside
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Source:
Milsteinestates
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 26 at 9:27PM
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 Realty Executives Westside
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Investment Insights
Based on property information with market context.
This 10-unit multifamily property offers a unit mix of (1) three-bedroom/1.75-bath, (5) two-bedroom units (some with 1.75 baths), and (4) one-bedroom/1-bath. The building is described as clean and well managed. Copper plumbing is in place throughout, and a new central hot water heater was recently added.
The property is located in the heart of Inglewood near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. The seller notes the asset is part of a package of three apartment buildings, and it can be purchased individually or as a package (see MLS# 26858763 & 26858415).
Tenants are currently in place; please do not disturb residents.
The property is located in the heart of Inglewood near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. The seller notes the asset is part of a package of three apartment buildings, and it can be purchased individually or as a package (see MLS# 26858763 & 26858415).
Tenants are currently in place; please do not disturb residents.
Key Highlights
- 10‑unit multifamily building, part of a 3‑building package (can be purchased individually or together).
- Unit mix: 1 three‑bedroom/1.75‑bath; 5 two‑bedroom units (some with 1.75 baths); 4 one‑bedroom/1‑bath units.
- Copper plumbing throughout the building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,701
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,294,020
$2.3M
Cap Rate 7%
$1,638,586
$1.6M
Cap Rate 9%
$1,274,456
$1.3M
Market Conditions
NOI Build-Up for 9,260 SF
Gross rent
$210.0K $22.68/SF
− Vacancy
−$1.5K −$0.16/SF
EGI
$208.5K $22.52/SF
− OpEx
−$93.8K −$10.13/SF
NOI
$114.7K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,294,020
Cap Rate 7%
$1,638,586
Cap Rate 9%
$1,274,456
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,701 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.78M
$3.31M – $4.41M
NOI $264,466 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit building with copper plumbing and a recently added central hot water heater, offered as part of a 3-building package.
Where is this apartment building located?
The property is located at 230 Stepney St Inglewood, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 10‑unit multifamily building, part of a 3‑building package (can be purchased individually or together).; Unit mix: 1 three‑bedroom/1.75‑bath; 5 two‑bedroom units (some with 1.75 baths); 4 one‑bedroom/1‑bath units.; Copper plumbing throughout the building.
