Inglewood Multifamily Investment
For Sale
Contact for pricing
534 E Hyde Park Pl, Inglewood, CA 90302
Four-unit multifamily property in North Inglewood/Morningside Park submarket.
Property Size7,467 SF
Lot Size0.17 Acres
Price / SF$157.36
Days on Market207
Property Features for 534 E Hyde Park Pl
General Information
Standard status
Active
Size
7,467 SF
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
INR3*
Building Details
Year Built
1959
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 706-4066
Listed By:
Stephen Takahashi · License #CA 01944770
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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
Investment Insights
Based on property information with market context.
This four-unit multifamily property is located at 534 E Hyde Park Pl, Inglewood (90302), in the North Inglewood / Morningside Park submarket. The property sits on a 7,467 square foot lot. It features four units, each with one bedroom and one bathroom, offering efficient layouts. The location benefits from strong rental demand and close proximity to LAX and major employment centers. The property presents a value-add opportunity through interior upgrades and rent growth. It also offers an attractive long-term hold opportunity with stable cash flow and appreciation potential in a supply-constrained market.
Key Highlights
- Four‑unit multifamily property in North Inglewood/Morningside Park.
- Strong rental demand due to proximity to LAX and major employment centers.
- Value‑add opportunity through interior upgrades and rent growth.
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
$105,925
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
9.01%
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%
$2,118,500
$2.1M
Cap Rate 7%
$1,513,214
$1.5M
Cap Rate 9%
$1,176,944
$1.2M
Market Conditions
NOI Build-Up for 7,467 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
$152.3K $20.40/SF
− Vacancy
−$1.0K −$0.13/SF
EGI
$151.3K $20.27/SF
− OpEx
−$45.4K −$6.08/SF
NOI
$105.9K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,118,500
Cap Rate 7%
$1,513,214
Cap Rate 9%
$1,176,944
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,925 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,491 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$3.05M
$2.67M – $3.55M
NOI $213,258 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
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?
Quadplex - Four-unit multifamily property in North Inglewood/Morningside Park submarket.
Where is this quadplex located?
The property is located at 534 E Hyde Park Pl Inglewood, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four‑unit multifamily property in North Inglewood/Morningside Park.; Strong rental demand due to proximity to LAX and major employment centers.; Value‑add opportunity through interior upgrades and rent growth.
