Multifamily Courtyard
500 S Inglewood Inglewood, CA 90301
500 S Inglewood, Inglewood, CA, 90301
$2,100,000
For Sale
$2,100,000
Seven-unit multifamily built in 1964 with courtyard-style layout and on-site carport and enclosed garage parking.
Property Size7,726 SF
Lot Size0.23 Acres
Price / SF$271.81
Days on Market10
Property Features for 500 S Inglewood
General Information
- Standard status
- Active
- Size
- 7,726 SF
- Lot size
- 0.23 Acres
- Property subtype
- Apartment
Building Details
- Year Built
- 1964
Listing agency
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed by
Brett Lyon · License #01717818
Source
Evecap
Added: Jul 13 Updated: Jul 22 at 11:54AM Checked: Jul 22 at 11:54AM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
500 S Inglewood Avenue is a well-maintained seven-unit multifamily property built in 1964. The unit mix includes one townhouse-style unit with 3 bedrooms and 2.5 baths, three units with 2 bedrooms and 2 baths, and three units with 1 bedroom and 1 bath, for approximately 7,726 square feet of rentable building area. The property features a courtyard-style layout and maintained common areas.
Parking includes eight carport spaces and two enclosed garage spaces.
The offering is presented with a 4.78% current cap rate and an 11.22 current GRM. Following repositioning of below-market rents, the projection indicates a 5.95% market cap rate and a 9.86 market GRM at stabilization.
Parking includes eight carport spaces and two enclosed garage spaces.
The offering is presented with a 4.78% current cap rate and an 11.22 current GRM. Following repositioning of below-market rents, the projection indicates a 5.95% market cap rate and a 9.86 market GRM at stabilization.
Key Highlights
- Seven‑unit multifamily built in 1964 with approximately 7,726 SF of rentable building area
- Unit mix: one 3BD/2.5BA townhouse‑style unit, three 2BD/2BA units, and three 1BD/1BA units
- 10,015 SF lot with courtyard‑style layout and well‑maintained common areas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.2k | $22.68 |
| − Vacancy | −$1.2k | −$0.16 |
| EGI | $174.0k | $22.52 |
| − OpEx | −$78.3k | −$10.13 |
| NOI | $95.7k | $12.39 |
7,726 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,700 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,655 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily built in 1964 with courtyard-style layout and on-site carport and enclosed garage parking.
Where is this apartment building located?
The property is located at 500 S Inglewood Inglewood, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven‑unit multifamily built in 1964 with approximately 7,726 SF of rentable building area; Unit mix: one 3BD/2.5BA townhouse‑style unit, three 2BD/2BA units, and three 1BD/1BA units; 10,015 SF lot with courtyard‑style layout and well‑maintained common areas
