Renovated 28-Unit Apartment
For Sale
$9,250,000
621 E 99th Street, Inglewood, CA 90301
Substantially upgraded apartment property with modern resident amenities, renovated interiors, gated parking, garages, and a pool area.
Property Size23,580 SF
Price / SF$392.28
Days on Market154
Property Features for 621 E 99th Street
General Information
Standard status
Active
Size
23,580 SF
Total Parking Spaces
42
Property subtype
Multi-family
Additional Details
Multifamily Units
28
Amenities
fitness center
community restroom
washers and dryers
central air conditioning and heating
pool
outdoor tables and chairs
BBQ area
gathering spaces
Building Details
Year Built
1964
Listing Agency:
BRC Advisors- BH,
Listed By:
John Katnik · License #02002695
(310) 956-2291
Source:
Sevengables
Added: May 23
Changed: Oct 21
Last Checked: Oct 20 at 10:58PM
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.
This 28-unit apartment community in Inglewood includes a 23,580-square-foot building constructed in 1964. Ownership has completed interior renovations in 26 units, along with updates to the electrical, plumbing, roof, and windows. Every unit includes a washer and dryer plus central air conditioning and heating. Property improvements also include a fitness center converted from storage space, a renovated community restroom, and water-saving plumbing fixtures.
Resident amenities extend outdoors with a maintained pool area, BBQ space, tables and chairs, and additional gathering areas. Parking includes 28 gated spaces and 14 garage spaces. The property is located at 621 E 99th Street, within walking distance of SoFi Stadium and minutes from Hollywood Park and Intuit Dome.
Resident amenities extend outdoors with a maintained pool area, BBQ space, tables and chairs, and additional gathering areas. Parking includes 28 gated spaces and 14 garage spaces. The property is located at 621 E 99th Street, within walking distance of SoFi Stadium and minutes from Hollywood Park and Intuit Dome.
Key Highlights
- 28‑unit apartment community with 23,580 square feet
- 26 of 28 units have completed interior renovations
- Electrical, plumbing, roof, and window upgrades completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$292,078
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,841,560
$5.8M
Cap Rate 7%
$4,172,543
$4.2M
Cap Rate 9%
$3,245,311
$3.2M
Market Conditions
NOI Build-Up for 23,580 SF
Gross rent
$534.8K $22.68/SF
− Vacancy
−$3.7K −$0.16/SF
EGI
$531.1K $22.52/SF
− OpEx
−$239.0K −$10.13/SF
NOI
$292.1K $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%
$5,841,560
Cap Rate 7%
$4,172,543
Cap Rate 9%
$3,245,311
Alternative Uses
Best Use
Apartment 5plus
$4.17M
$3.65M – $4.87M
NOI $292,078 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.62M
$8.42M – $11.22M
NOI $673,445 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
1,715
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 - Substantially upgraded apartment property with modern resident amenities, renovated interiors, gated parking, garages, and a pool area.
Where is this apartment building located?
The property is located at 621 E 99th Street Inglewood, CA.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 28‑unit apartment community with 23,580 square feet; 26 of 28 units have completed interior renovations; Electrical, plumbing, roof, and window upgrades completed
