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816 Myrtle Ave
Inglewood, CA 90301 Inglewood

Price Upon Request

Apartments For Sale  •  6,162 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,162 SF
  • Lot Size 0.45 AC
  • Building Class C
  • Year Built 1937
  • Zoning R3
54 Transit Score
84 Walk Score

Highlights

11 units situated on 19,250sqft lot
Currently operating at a 6.24% cap rate and 10.89 GRM
Unit mix of (10) 1Bed+1Bath units, and (1) 2Bed+1Bath units
Each unit has laundry hookups and are separately metered for utilities
Located only 1,200 ft from SoFi Stadium
After building the ADUs, the property will operate at a 10.75% cap rate and 6.97 GRM

Financial Summary (Actual)

Net Operating Income: $159,139 USD (2023)
Total Expenses: $68,085 USD

Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Pantry

Public Transportation

AirportDriveWalkDistance
Los Angeles International 9 min - 4.2 mi
Long Beach (Daugherty Field) 27 min - 18.4 mi
Bob Hope 38 min - 21.1 mi