136 Unit - High Density New Construction Apartment Building
Brand New Construction Apartment Building Near Sofi and LAX
Marketing description
Thompson Team Real Estate is proud to exclusively offer this newly constructed 136-unit, five-story multifamily
asset in Inglewood, California presents a rare opportunity to acquire a modern, institutional-quality property
in one of Southern California’s strongest rental growth corridors. Developed by Vargas International
Developments, the property totals approximately 45,465 square feet and sits on an 11,722 square foot
LCC2YY-zoned lot. The unit mix consists of efficiently designed studios (±270 SF) and one-bedroom units (±375
SF), with 124 units projected at market rents. The offering is underwritten at a 6.0% pro forma cap rate with 5%
vacancy, a 13.24 GRM, and $725.83 price per square foot. The building features contemporary construction and modern renter-focused amenities including a rooftop common area, in-unit laundry, and secure bike storage rooms. The compact, efficient layouts are tailored to workforce and urban tenants seeking attainable living options in a high-demand coastal-adjacent sub-market. With strong demand drivers and limited comparable new supply at this scale, the asset is positioned for stable cash flow and long-term appreciation. Strategically located minutes from SoFi Stadium, Intuit Dome, The Forum, and Los Angeles International Airport, the property benefits from immediate access to the 405 and 105 freeways and proximity to Hawthorne, Manhattan Beach, Los Angeles, Carson, Gardena, and Torrance. The surrounding neighborhood offers walkable access to shopping, dining, and essential services, reinforcing tenant demand and enhancing long-term investment fundamentals.
Investment highlights
New construction – 2026
36 Units – 124 at market rent
12 units for low income
15 one bedroom units and 121 studios
5 Stories – Rooftop deck
In Unit Laundry
Close to Sofi Stadium,
Intuit Dome, The Forum, LAX
Lot size: 11,722 SQFT
Building size: 38,862 square feet
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