10-Unit Upgraded Apartment
911 E La Palma Dr Unit K, Inglewood, CA 90301
For Sale
$2,250,000
Fully occupied residences feature one-bedroom layouts, on-site parking, and an established RUBS program.
Property Size5,521 SF
Lot Size0.26 Acres
Price / SF$407.53
Days on Market16
Property Features for 911 E La Palma Dr Unit K
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Taylor Avakian · License CA #02060040
(916) 996-4421
Source:
Evecap
Added: Oct 30
Changed: Nov 14
Last Checked: Nov 14 at 2:04PM
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.
Built in 1937, this 10-unit apartment property contains 5,521 square feet on an 11,488-square-foot parcel. The unit mix is entirely one-bedroom, one-bathroom apartments averaging 470 square feet, with upgrades throughout. Ten on-site parking spaces serve the property, and a RUBS program is in place. All units are occupied. The property is subject to the Inglewood Housing Protection Ordinance.
Situated on E La Palma Dr between Larch St and Myrtle Ave, the property is less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The reported in-place cap rate is 6.59%, with a 7.30% pro forma cap rate.
Situated on E La Palma Dr between Larch St and Myrtle Ave, the property is less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The reported in-place cap rate is 6.59%, with a 7.30% pro forma cap rate.
Key Highlights
- 10 one‑bedroom, one‑bathroom apartments averaging 470 SF each
- 5,521 SF building on an 11,488 SF lot
- 10 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,387
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,740
$1.4M
Cap Rate 7%
$976,957
$977.0K
Cap Rate 9%
$759,856
$759.9K
Market Conditions
NOI Build-Up for 5,521 SF
Gross rent
$125.2K $22.68/SF
− Vacancy
−$877 −$0.16/SF
EGI
$124.3K $22.52/SF
− OpEx
−$56.0K −$10.13/SF
NOI
$68.4K $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%
$1,367,740
Cap Rate 7%
$976,957
Cap Rate 9%
$759,856
Alternative Uses
Best Use
Apartment 5plus
$977.0K
$854.8K – $1.14M
NOI $68,387 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,680 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
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
$698,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Inglewood, CA
Properties on Market for Apartment buildings in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residences feature one-bedroom layouts, on-site parking, and an established RUBS program.
Where is this apartment building located?
The property is located at 911 E La Palma Dr Unit K Inglewood, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bathroom apartments averaging 470 SF each; 5,521 SF building on an 11,488 SF lot; 10 on‑site parking spaces
