11 Bungalow Style Units in Northwest Inglewood!
Multifamily | 11 Units | $281,818/unit
Marketing description
John Katnik of BRC Advisors is pleased to present the exclusive offering of 949 N Cedar St, a rare multifamily investment opportunity located in the highly desirable North Inglewood submarket.
The property consists of 11 bungalow-style units spread across seven separate structures on an expansive 27,744 square foot lot. Originally constructed in 1948, the property features ten spacious 2-bedroom/1-bath units and one non-conforming 1-bedroom/1-bath unit, creating a unique low-density apartment community rarely found in today's market.
A major amenity of the property is its abundant parking and resident-friendly unit features. Each 2-bedroom unit includes a private one-car garage along with an additional open parking space directly behind the garage. The property also features ample additional open parking throughout the rear of the lot. Additionally, all units are equipped with in-unit washer and dryer hookups, a highly desirable amenity that continues to drive tenant demand and retention.
Situated in a prime North Inglewood location just off Centinela Avenue, the property benefits from convenient access to major employment centers, transportation corridors, and Inglewood's ongoing redevelopment.
Investment highlights
- Rare Bungalow-Style Apartment Community - 949 N Cedar St consists of 11 units spread across seven separate structures, creating a low-density residential environment that is highly desirable among tenants and rarely available to investors.
- Massive 27,744 SF Lot - The property sits on an oversized parcel, providing significant intrinsic land value and long-term investment appeal in one of Inglewood's most sought-after neighborhoods.
- Strong In-Place Cash Flow with Rental Upside - The asset is 100% occupied with stable tenants and solid existing income while still offering the opportunity to increase rents over time and improve overall returns.
- Excellent Tenant Amenities - All units feature in-unit washer and dryer hookups, while each 2-bedroom unit includes a private one-car garage and an additional parking space. The property also offers substantial open parking throughout the rear of the site.
- Prime North Inglewood Location - Located just off Centinela Avenue, the property benefits from strong tenant demand and convenient access to SoFi Stadium, Hollywood Park, the Intuit Dome, LAX, and the continued growth and redevelopment transforming the City of Inglewood.
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