9-Unit Townhome-Style Apartment
New
For Sale
$2,899,999
578 Stepney St, Inglewood, CA 90302
Two-story buildings include a mix of larger townhome-style residences and a one-bedroom apartment.
Property Size8,208 SF
Lot Size0.46 Acres
Price / SF$353.31
Days on Market4
Property Features for 578 Stepney St
General Information
Standard status
Active
Size
8,208 SF
Net Rentable
8,208 SF
Lot size
0.46 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Fairview Heights
Public Transit
Yes
Units
Unit Mix
8 x 2BR/1.5BA townhome-style, 1 x 1BR/1BA
Multifamily Units
9
Additional Details
Asking Price
$2,899,999
Building Details
Building Size
8,208 SF
Year Built
1987
Stories
2
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Austin Mudd · License #02101587
(310) 492-8402
Source:
Benbelack
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:31PM
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 Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This 9-unit apartment property in Inglewood was built in 1987 and contains 8,208 square feet of rentable area across two-story buildings. The unit mix comprises eight townhome-style residences, each with 2 bedrooms and 1.5 baths, plus one 1-bedroom, 1-bath apartment. The approximately 20,000-square-foot parcel measures 0.46 acres and includes a 2,750-square-foot vacant rear yard.
SoFi Stadium is approximately 1.5 miles away, and Intuit Dome is about 2 miles from the property.
SoFi Stadium is approximately 1.5 miles away, and Intuit Dome is about 2 miles from the property.
Key Highlights
- 9 apartments across two‑story buildings
- 8,208 SF of rentable area on a 0.46‑acre lot
- Eight 2‑bedroom/1.5‑bath townhome‑style units of approximately 975 SF each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,670
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,033,400
$2.0M
Cap Rate 7%
$1,452,429
$1.5M
Cap Rate 9%
$1,129,667
$1.1M
Market Conditions
NOI Build-Up for 8,208 SF
Gross rent
$186.2K $22.68/SF
− Vacancy
−$1.3K −$0.16/SF
EGI
$184.9K $22.52/SF
− OpEx
−$83.2K −$10.13/SF
NOI
$101.7K $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%
$2,033,400
Cap Rate 7%
$1,452,429
Cap Rate 9%
$1,129,667
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,670 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,420 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
968
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story buildings include a mix of larger townhome-style residences and a one-bedroom apartment.
Where is this apartment building located?
The property is located at 578 Stepney St Inglewood, CA.
What is the asking price?
The asking price for this property is $2,899,999.
What are key features of this property?
This property features: 9 apartments across two‑story buildings; 8,208 SF of rentable area on a 0.46‑acre lot; Eight 2‑bedroom/1.5‑bath townhome‑style units of approximately 975 SF each
