Property Detail

Description

We are pleased to present the opportunity to acquire 10130 S Inglewood Ave, a prime 15-unit multifamily adjacent to SoFi Stadium. This property offers exceptional access to LAX and neighboring cities on the Westside 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 5.48% CAP Rate and a 10.13 GRM based on current rents, with significant upside potential to operate at a 9.18% CAP Rate and 7.22 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.