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$ 1,575,000
Est. payment /mo
Active
524 E Hazel Street Inglewood, CA 90302
4,266 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $369
MLS Listing ID CL25570747
HOA Y/N No
Year Built 1958
Lot Size 6,277 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
Located on a quiet, tree-lined street in the heart of North Inglewood, this prime 6-Unit Investment Property in North Inglewood boasts an actual CAP rate of 5.99% and GRM of 11.58, with a market CAP rate of 6.2%. This well-maintained 6-unit asset offers investors strong in-place income and long-term upside in one of Los Angeles' fastest-growing markets. Just minutes from SoFi Stadium, the Hollywood Park redevelopment, and the future Crenshaw Metro line, the location offers tremendous tenant demand and future appreciation potential, providing solid returns with room to grow. All units have been tastefully upgraded with laminate flooring, modern finishes, and stainless steel appliances. Additional improvements include a newer roof, copper plumbing, and fresh exterior paint. Zoned R3, the site also offers future development flexibility. This is an ideal opportunity for both seasoned and first-time multifamily investors looking for a low maintenance and consistent cashflow asset.
Location
State CA
County Los Angeles
Zoning INR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 4015009010
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Listed by Bethany Woolf • Californian Estates