12-Unit Three-Story Apartment
New
For Sale
$4,520,000
501 Hyde Park, Inglewood, CA 90302
All apartments have two bedrooms and one bathroom, with gated carport parking on site.
Property Size11,040 SF
Lot Size0.27 Acres
Price / SF$409.42
Days on Market4
Property Features for 501 Hyde Park
General Information
Standard status
Active
Size
11,040 SF
Total Parking Spaces
24
Lot size
0.27 Acres
Property subtype
Apartment
Net Operating Income
$226,016
Site & Location
Neighborhood
Fairview Heights
Highway Access
Yes
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Parking per Unit
2
Additional Details
Cap Rate
5%
Amenities
laundry facilities
Building Details
Building Size
11,040 SF
Year Built
1985
Buildings
1
Stories
3
Listing Agency:
BRC Advisors BH
Listed By:
Avinash Narang · License #01448548
Source:
Milsteinestates
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 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 BRC Advisors BH
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Investment Insights
Based on property information with market context.
Built in 1985, this three-story apartment property contains 12 units and approximately 11,040 square feet of building area on an approximately 11,967-square-foot lot. Every apartment has two bedrooms and one bathroom. The site includes 24 gated carport spaces, or two spaces per unit. Reported improvements include select kitchen and bathroom renovations, flooring, appliances, water heaters, laundry facilities, lighting, landscaping, and common-area work. SB 721 work is reported complete.
The carport layout may allow evaluation of converting up to 12 parking spaces to accessory dwelling units, potentially retaining one space for each existing apartment. Any conversion would require City of Inglewood approval and compliance with applicable regulations and building requirements. The property is near SoFi Stadium, the Kia Forum, LAX, and the 405 Freeway.
The carport layout may allow evaluation of converting up to 12 parking spaces to accessory dwelling units, potentially retaining one space for each existing apartment. Any conversion would require City of Inglewood approval and compliance with applicable regulations and building requirements. The property is near SoFi Stadium, the Kia Forum, LAX, and the 405 Freeway.
Key Highlights
- 12 apartment units, each with two bedrooms and one bathroom
- Three‑story building constructed in 1985
- Approximately 11,040 square feet on an approximately 11,967‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,749
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,734,980
$2.7M
Cap Rate 7%
$1,953,557
$2.0M
Cap Rate 9%
$1,519,433
$1.5M
Market Conditions
NOI Build-Up for 11,040 SF
Gross rent
$250.4K $22.68/SF
− Vacancy
−$1.8K −$0.16/SF
EGI
$248.6K $22.52/SF
− OpEx
−$111.9K −$10.13/SF
NOI
$136.7K $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%
$2,734,980
Cap Rate 7%
$1,953,557
Cap Rate 9%
$1,519,433
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,749 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.26M
NOI $315,302 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
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
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments have two bedrooms and one bathroom, with gated carport parking on site.
Where is this apartment building located?
The property is located at 501 Hyde Park Inglewood, CA.
What is the asking price?
The asking price for this property is $4,520,000.
What are key features of this property?
This property features: 12 apartment units, each with two bedrooms and one bathroom; Three‑story building constructed in 1985; Approximately 11,040 square feet on an approximately 11,967‑square‑foot lot
