579 Hyde Park Pl - Apartments FOR SALE


Inglewood, CA 90302
$1,800,000 USD
310-469-2974
579 Hyde Park Pl, Inglewood, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/9
null | 4.38% Cap Rate

579 Hyde Park Pl
Inglewood, CA 90302


HIGHLIGHTS

  • 7 Units | Built in 1962
  • Consists of (1) Two-Bed/One-Bath and (6) One-Bed/One-Bath units
  • Value-Add Opportunity – 42% Rental Upside
  • Building Area: ±4,277 SF | Lot Size: ±8,258 SF
  • Onsite Laundry Room
  • Individually Metered for Gas and Electricity

OVERVIEW

Matthews Real Estate Investment Services, Inc., is proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7-unit apartment building is an opportunity for an investor to own a value-add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7-units comprised of a desirable mix of (1) two-bed/one-bath and (6) one-bed/one-bath units. Parking is at the rear of the property along with a separate laundry room. Units are individually metered for electricity and gas keeping utility costs relatively low. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Average new lease rates in the neighborhood result in over 42% upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District & recently completed Intuit Dome. The Intuit Dome is expected to generate around $260 million in economic activity for the city of Inglewood. The future is looking bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. Please reach out to agent for OM.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,143

CAP RATE

4.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,246 SF

ZONING

INR3*

APN/PARCEL ID

4014-026-024

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-469-2974

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-469-2974

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.