Multifamily Courtyard
For Sale
$2,100,000
Pending
500 S Inglewood, Inglewood, CA 90301
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
Days on Market103
Property Features for 500 S Inglewood
General Information
Standard status
Pending
Size
7,726 SF
Total Parking Spaces
10
Lot size
0.23 Acres
Property subtype
Apartment
Additional Details
Cap Rate
4.78%
Highway Access
Yes
Multifamily Units
7
Building Details
Building Size
7,726 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Brett Lyon · License #01717818
(310) 706-4066
Source:
Evecap
Added: Jul 13
Changed: Oct 21
Last Checked: Oct 21 at 7:11AM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,700
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,000
$1.9M
Cap Rate 7%
$1,367,143
$1.4M
Cap Rate 9%
$1,063,333
$1.1M
Market Conditions
NOI Build-Up for 7,726 SF
Gross rent
$175.2K $22.68/SF
− Vacancy
−$1.2K −$0.16/SF
EGI
$174.0K $22.52/SF
− OpEx
−$78.3K −$10.13/SF
NOI
$95.7K $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%
$1,914,000
Cap Rate 7%
$1,367,143
Cap Rate 9%
$1,063,333
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 authorities.
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Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,516
Businesses Nearby
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Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
