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29223587
29223586

10130 S Inglewood Ave, Inglewood, CA 90304

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$2,645,000
143 days on market
Updated 15 days ago

10130 S Inglewood Ave

Details
APN 4036-001-023
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,331
Net Rentable (SqFt) 10,331
Units 15
Cap Rate 5.61%
NOI $148,426
Occupancy 100%
Pro-Forma Cap Rate 9.39%
Pro-Forma NOI $248,245
Price per SqFt $256
Broker Co-Op Yes
Class C
Year Built 1960
Buildings 1
Stories 2
Lot Size (SqFt) 13,377
Zoning LCC2YY
Parking Spaces 15 spaces
Parking Per SqFt 1.45
Investment Type Value Add
Ground Lease No

SoFi Stadium Adjacent I Multifamily | 15 Units | 9.94 GRM I 5.61% CAP Rate

Marketing description

We are pleased to present the opportunity to acquire 10130 S Inglewood Ave, a prime 15-unit multifamily property located adjacent to SoFi Stadium.

Situated just east of the 405 Freeway and north of the 105 just south of W Century Blvd, this property offers exceptional access to LAX and neighboring cities on the west side including Culver City, Marina del Rey, Santa Monica, and Venice Beach as well as the South Bay with Manhattan Beach, Redondo beach and Hermosa Beach. Residents enjoy a premier lifestyle with proximity to Silicon Beach, home to major employers such as Google, Apple, YouTube, Snap Inc., Beats by Dre, Hulu, Amazon, Facebook, and more.

This generational, two-story asset built in 1960 comprises 10,331 rentable square feet on a 13,377 square foot LCC2YY-zoned lot. The well-balanced unit mix includes 1 three-bedroom two-bathroom unit, 2 two-bedroom one-bath units, and 12 one-bedroom one-bath units. The property also offers covered carport parking, providing tenants with convenient parking in an area where it is otherwise limited.

Offered at a 5.61% CAP Rate and a 9.94 GRM based on current rents, with significant upside potential to operate at a 9.39% CAP Rate and 7.09 GRM at market rents, this asset presents a compelling investment opportunity. Whether you are seeking long-term appreciation or cash flow, 10310 S Inglewood Avenue is positioned in one of the most stable and desirable coastal markets in Los Angeles. Contact the listing broker for additional information.

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$148,426.00
$12,368.83/mo

Valuation Metrics

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DSCR
5.61%
Cap Rate
5.61%
ROI

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