13-Unit Apartment
917 Edgewood Street Inglewood, CA 90302
917 Edgewood Street, Inglewood, CA, 90302
$2,950,000
For Sale
$2,950,000
Built in 1956, the 13-unit building offers 17 parking spaces, including 10 covered garages.
Property Size9,875 SF
Lot Size0.25 Acres
Price / SF$298.73
Days on Market196
Property Features for 917 Edgewood Street
General Information
- Standard status
- Active
- Size
- 9,875 SF
- Lot size
- 0.25 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing agency
Kidder Mathews of California, Inc.
(858) 369-3010
Listed by
Darin Beebower
Source
Xome
Added: Jan 8 Updated: Jul 22 at 3:44PM Checked: Jul 22 at 3:44PM
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.
Investment Insights
Based on property information with market context.
917 Edgewood Street is a 13-unit apartment community built in 1956, set on an 11,102 square foot lot with 9,875 square feet of building area. The unit mix includes (2) two-bed/one-bath units, (9) one-bed/one-bath units, (1) studio, and (1) bachelor. On-site parking totals 17 spaces, including 10 covered garage spaces that may present an opportunity for future ADU conversion (buyer to verify).
The property is positioned in North Inglewood, minutes from the Hollywood Park development. It is located about two blocks from La Brea Plaza, with a range of dining, retail, and service amenities, and Ralphs supermarket sits directly across from the plaza. Additional nearby entertainment venues are within roughly 2 miles, including SoFi Stadium, the Kia Forum, the Intuit Dome, and Hollywood Park Casino.
Kidder Mathews notes an initial 5.66% cap rate and a low GRM of 10.81. The building is subject to the City of Inglewood’s Housing Protection Ordinance, which allows for an 8% annual rent increase for units with current rents below 80% of HUD Fair Market Rent. The listing also highlights approximately 13% rental upside achievable through unit turnover and renovation (buyer to verify).
The property is positioned in North Inglewood, minutes from the Hollywood Park development. It is located about two blocks from La Brea Plaza, with a range of dining, retail, and service amenities, and Ralphs supermarket sits directly across from the plaza. Additional nearby entertainment venues are within roughly 2 miles, including SoFi Stadium, the Kia Forum, the Intuit Dome, and Hollywood Park Casino.
Kidder Mathews notes an initial 5.66% cap rate and a low GRM of 10.81. The building is subject to the City of Inglewood’s Housing Protection Ordinance, which allows for an 8% annual rent increase for units with current rents below 80% of HUD Fair Market Rent. The listing also highlights approximately 13% rental upside achievable through unit turnover and renovation (buyer to verify).
Key Highlights
- Built in 1956, this 13‑unit apartment building offers 17 total parking spaces, including 10 covered garage spaces.
- Unit mix: (2) 2BD/1BA, (9) 1BD/1BA, (1) studio, and (1) bachelor.
- 11,102 SF lot with 9,875 SF building area.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.0k | $22.68 |
| − Vacancy | −$1.6k | −$0.16 |
| EGI | $222.4k | $22.52 |
| − OpEx | −$100.1k | −$10.13 |
| NOI | $122.3k | $12.39 |
9,875 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,318 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,030 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1956, the 13-unit building offers 17 parking spaces, including 10 covered garages.
Where is this apartment building located?
The property is located at 917 Edgewood Street Inglewood, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Built in 1956, this 13‑unit apartment building offers 17 total parking spaces, including 10 covered garage spaces.; Unit mix: (2) 2BD/1BA, (9) 1BD/1BA, (1) studio, and (1) bachelor.; 11,102 SF lot with 9,875 SF building area.
