5-Unit Apartment
For Sale
$1,200,000
2414 W 85th St, Inglewood, CA 90305
Five detached garages and a varied apartment mix add functional flexibility to this Inglewood property.
Property Size3,866 SF
Lot Size0.16 Acres
Price / SF$310.40
Days on Market73
Property Features for 2414 W 85th St
General Information
Standard status
Active
Size
3,866 SF
Net Rentable
3,866 SF
Total Parking Spaces
5
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Morningside Park
Utilities to Site
Yes
Units
Unit Mix
2 x single, 1 x 1BR, 2 x 2BR
Multifamily Units
5
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
4.45%
Building Details
Building Size
3,866 SF
Year Built
1947
Listing Agency:
BRC Advisors- BH
Listed By:
John Katnik · License #02002695
(310) 956-2291
Source:
Highend-estates
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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 BRC Advisors- BH
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Investment Insights
Based on property information with market context.
Built in 1947, this five-unit apartment property contains approximately 3,866 rentable square feet on a 6,902-square-foot lot. The unit mix comprises two single units, one one-bedroom apartment, and two two-bedroom apartments. One two-bedroom unit and all five detached garages are scheduled to be vacant at closing. Building features include central heating and air conditioning in every unit, individual water heaters, upgraded electrical systems, and newer triple-pane windows. The property is individually metered for gas and electricity, and its balconies comply with California SB 721 inspection requirements.
The building is in Inglewood, east of SoFi Stadium and the Hollywood Park development. Its reported in-place cap rate is 4.45%, with a projected 8.24% cap rate based on market rents.
The building is in Inglewood, east of SoFi Stadium and the Hollywood Park development. Its reported in-place cap rate is 4.45%, with a projected 8.24% cap rate based on market rents.
Key Highlights
- Five‑unit apartment building with two single units, one one‑bedroom unit, and two two‑bedroom units
- Approximately 3,866 rentable square feet on a 6,902‑square‑foot lot
- Five detached garages, all to be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,887
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,740
$957.7K
Cap Rate 7%
$684,100
$684.1K
Cap Rate 9%
$532,078
$532.1K
Market Conditions
NOI Build-Up for 3,866 SF
Gross rent
$87.7K $22.68/SF
− Vacancy
−$614 −$0.16/SF
EGI
$87.1K $22.52/SF
− OpEx
−$39.2K −$10.13/SF
NOI
$47.9K $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%
$957,740
Cap Rate 7%
$684,100
Cap Rate 9%
$532,078
Alternative Uses
Best Use
Apartment 5plus
$684.1K
$598.6K – $798.1K
NOI $47,887 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,413 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 90305, CA
15,367
Population
6,499
Households
2.4
Avg Household Size
47
Median Age
36%
College-Educated
91%
High-School Grad
2.6 sq mi
ZIP Area
5,910
Density / Sq Mi
$89,030
Median Household Income
$50,041
Median Earnings
$1,868
Median Rent
$785,000
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 - Five detached garages and a varied apartment mix add functional flexibility to this Inglewood property.
Where is this apartment building located?
The property is located at 2414 W 85th St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five‑unit apartment building with two single units, one one‑bedroom unit, and two two‑bedroom units; Approximately 3,866 rentable square feet on a 6,902‑square‑foot lot; Five detached garages, all to be vacant at closing
