New Listing911 E La Palma Dr | 10-Unit Multifamily, Inglewood. 1937-built asset totaling 5,521 SF on an 11,488 SF lot on the north side of E La Palma Dr between Larch St and Myrtle Ave, less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The property features (10) 1BR/1BA units averaging 470 SF, each upgraded throughout, plus 10 on-site parking spaces and an established RUBS program. All ten units are occupied at an average rent of $1,832 against a $1,975 market rent, and the property is subject to the Inglewood Housing Protection Ordinance. Offered at $2,250,000 ($225,000/unit | $407.53/SF) with a 6.59% in-place cap rate, the story here is simplicity a fully occupied, upgraded asset in the stadium district with a 7.30% pro forma cap and no capital program required.
| MLS # | 26107674 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 4 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Taylor Avakian |
| Bed(s) | 11 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 5,521 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | INR3YY |
| Acreage | 0.26 |
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Parking Features | Private |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90301 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90301) | |
Price: $2,250,000 low | high Med: $787,000 sqft: 5,521 low | high Med: 1,359 $ / sqft: $408 low | high Med: $582 On site: 4 low | high Med: 148.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90301 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90301) | |
Price: $2,250,000 low | high Med: $787,000 sqft: 5,521 low | high Med: 1,359 $ / sqft: $408 low | high Med: $582 On site: 4 low | high Med: 148.5 | |