13-Unit Apartment
New
For Sale
$3,500,000
531 W Hyde Park, Inglewood, CA 90302
Renovated apartments and upgraded building systems are complemented by on-site parking.
Property Size10,218 SF
Days on Market3
Property Features for 531 W Hyde Park
General Information
Standard status
Active
Size
10,218 SF
Total Parking Spaces
12
Property subtype
Residential Income
Net Operating Income
$224,196
Financials
Cap Rate
6.41%
Gross Rent Multiplier
10.61
Units
Unit Mix
11 x 2BR/1BA, 2 x 3BR/2BA
Multifamily Units
13
Amenities
Curbs, Park
Building Details
Building Size
10,218 SF
Year Built
1959
Buildings
2
Stories
2
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Cameron Samimi · License #02035763
(310) 259-7556
Source:
Evrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 9:45PM
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.
This 13-unit apartment property was built in 1959 and has a mix of 11 two-bedroom, one-bath units and two three-bedroom, two-bath units. Building systems have been upgraded, and units have undergone renovations. The property also has 12 on-site parking spaces.
The Inglewood property is near Florence Avenue, with access to Culver City, Downtown Los Angeles and the beach. SoFi Stadium, the Intuit Dome, YouTube Theater and COSM are also identified as nearby destinations.
The stated in-place cap rate is 6.41%, with a 10.61 GRM. Potential ADU concepts described for the site include three tuck-under units or a detached four-unit development over the parking area; either approach is subject to city approval.
The Inglewood property is near Florence Avenue, with access to Culver City, Downtown Los Angeles and the beach. SoFi Stadium, the Intuit Dome, YouTube Theater and COSM are also identified as nearby destinations.
The stated in-place cap rate is 6.41%, with a 10.61 GRM. Potential ADU concepts described for the site include three tuck-under units or a detached four-unit development over the parking area; either approach is subject to city approval.
Key Highlights
- 13‑unit apartment property with 11 two‑bedroom, one‑bath units and 2 three‑bedroom, two‑bath units
- In‑place cap rate of 6.41% and GRM of 10.61
- 12 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,567
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,531,340
$2.5M
Cap Rate 7%
$1,808,100
$1.8M
Cap Rate 9%
$1,406,300
$1.4M
Market Conditions
NOI Build-Up for 10,218 SF
Gross rent
$231.7K $22.68/SF
− Vacancy
−$1.6K −$0.16/SF
EGI
$230.1K $22.52/SF
− OpEx
−$103.6K −$10.13/SF
NOI
$126.6K $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%
$2,531,340
Cap Rate 7%
$1,808,100
Cap Rate 9%
$1,406,300
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,567 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.86M
NOI $291,826 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
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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
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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 - Renovated apartments and upgraded building systems are complemented by on-site parking.
Where is this apartment building located?
The property is located at 531 W Hyde Park Inglewood, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13‑unit apartment property with 11 two‑bedroom, one‑bath units and 2 three‑bedroom, two‑bath units; In‑place cap rate of 6.41% and GRM of 10.61; 12 on‑site parking spaces
