Six-Unit Single-Story Apartment
For Sale
$1,645,000
Pending
313 E Hazel St, Inglewood, CA 90302
Renovated units, private outdoor space, and onsite laundry support the existing apartment configuration.
Property Size4,886 SF
Lot Size0.36 Acres
Days on Market51
Property Features for 313 E Hazel St
General Information
Standard status
Pending
Size
4,886 SF
Total Parking Spaces
6
Lot size
0.36 Acres
Property subtype
MULTI_FAMILY
Financials
Cap Rate
6.76%
Gross Rent Multiplier
10.51
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$40,880
Amenities
on-site laundry
drought-tolerant landscaping
Building Details
Building Size
4,886 SF
Year Built
1955
Stories
1
Listing Agency:
Shield CRE, Inc.
(310) 880-6807
Listed By:
Jonathan Nikfarjam · License #01856803
Source:
Milsteinestates
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 31 at 12:18AM
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 Shield CRE, Inc.
Investment Insights
Based on property information with market context.
This six-unit apartment property consists of single-story residences on a 15,508-SF lot. Three units have been recently renovated, while the three-bedroom unit includes a large private backyard and new washer/dryer hookups. Property improvements include a new roof, new electrical service, updated electrical subpanels, individual hot water heaters, drought-tolerant landscaping, and an onsite laundry facility. Parking includes 6 garage spaces along with a substantial rear parking area.
The property is located 1.5 miles from SoFi Stadium and The Forum and 2 miles from Intuit Dome. The rear parking area is identified as having potential for up to 6 ADUs or redevelopment into an 11-unit apartment project, subject to buyer verification. Current performance is reported at a 6.76% cap rate and 10.51 GRM, with an 8.43% pro forma cap rate and 8.90 GRM.
The property is located 1.5 miles from SoFi Stadium and The Forum and 2 miles from Intuit Dome. The rear parking area is identified as having potential for up to 6 ADUs or redevelopment into an 11-unit apartment project, subject to buyer verification. Current performance is reported at a 6.76% cap rate and 10.51 GRM, with an 8.43% pro forma cap rate and 8.90 GRM.
Key Highlights
- Six single‑story apartment units on a 15,508‑SF lot
- Three units recently renovated
- Three‑bedroom unit with large private backyard and new washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,521
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,210,420
$1.2M
Cap Rate 7%
$864,586
$864.6K
Cap Rate 9%
$672,456
$672.5K
Market Conditions
NOI Build-Up for 4,886 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.8K $22.68/SF
− Vacancy
−$776 −$0.16/SF
EGI
$110.0K $22.52/SF
− OpEx
−$49.5K −$10.13/SF
NOI
$60.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,210,420
Cap Rate 7%
$864,586
Cap Rate 9%
$672,456
Alternative Uses
Best Use
Apartment 5plus
$864.6K
$756.5K – $1.01M
NOI $60,521 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,544 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,845
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated units, private outdoor space, and onsite laundry support the existing apartment configuration.
Where is this apartment building located?
The property is located at 313 E Hazel St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Six single‑story apartment units on a 15,508‑SF lot; Three units recently renovated; Three‑bedroom unit with large private backyard and new washer/dryer hookups
