10-Unit Apartment
For Sale
$2,550,000
230 Stepney St, Inglewood, CA 90302
Residential Income, Mid-Century, Inglewood, CA
Property Size9,260 SF
Lot Size0.23 Acres
Price / SF$275.38
Days on Market112
Property Features for 230 Stepney St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR3YY
Bedrooms
17
Bathrooms
11
Full bathrooms
14
Rooms
Bedroom 12, Bedroom 5, Bedroom 9, Bedroom 6, Bathroom 10, Bedroom 1, Bedroom 4, Bathroom 12, Bedroom 13, Bedroom 2, Bedroom 10, Bedroom 15, Bathroom 7, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 14, Bedroom 3, Bathroom 5, Bathroom 14, Bathroom 1, Bedroom 8, Bedroom 17, Bedroom 11, Bathroom 11, Bathroom 2, Bathroom 9, Bathroom 8, Bathroom 13, Bedroom 16, Bedroom 7
Parking
10
Parking features
Carport
Window features
Screens, Blinds
Interior features
220V Throughout, Common Walls
Appliances
Free Standing Gas
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
Take La Brea to Hazel St then turn east, go one short block to Market St then turn left, go one short block to Stepney then turn right go to middle of block and subject property will be on south side (right side of street) of street.
Subdivision
North Inglewood
Standard status
Active
APN
4016-017-013
Size
9,260 SF
Lot size
0.23 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1960
Floors in Building
2
Number of units
10
Flooring type
Carpet, Tile - Stone
Roof type
Flat
Architectural style
Other
Listing Agency:
Realty Executives Westside · Realty Executives International
(310) 737-1992
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Added: Jun 25
Changed: Oct 8
Last Checked: Oct 14 at 4:06AM
MLS# 26858849
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1960, this 10-unit apartment property contains 9,260 square feet on a 0.2296-acre parcel. The unit mix includes one three-bedroom, 1.75-bath residence; five two-bedroom residences, some with 1.75 baths; and four one-bedroom, one-bath residences. Interior features include tile and carpet flooring, forced-air heating, 220V throughout, and free-standing gas appliances. A carport provides on-site parking, while the building is covered by a flat roof.
The property has copper plumbing throughout and a recently added central hot-water heater. It is situated near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. Zoning is INR3YY. The apartment building may be acquired individually or as part of a three-property apartment portfolio.
The property has copper plumbing throughout and a recently added central hot-water heater. It is situated near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. Zoning is INR3YY. The apartment building may be acquired individually or as part of a three-property apartment portfolio.
Key Highlights
- 10 units across a mix of one-, two-, and three‑bedroom apartments
- 9,260 square feet on a 0.2296‑acre parcel
- Unit mix includes 1 three‑bedroom/1.75‑bath, 5 two‑bedroom, and 4 one‑bedroom units
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century apartment property with varied unit sizes, updated hot-water equipment, and carport parking.
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 units across a mix of one-, two-, and three‑bedroom apartments; 9,260 square feet on a 0.2296‑acre parcel; Unit mix includes 1 three‑bedroom/1.75‑bath, 5 two‑bedroom, and 4 one‑bedroom units
