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816 Myrtle Ave
Inglewood, CA 90301

$2,550,000 USD

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
Cap Rate 6.10 %

57 Transit Score

82 Walk Score

                
                    Highlights
                
                                11 units situated on 19,250sqft lot
                            
                                Currently operating at a 6.10% cap rate and 11.06 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

Property Flyers

816 Myrtle Ave - OM v7_compressed

Financial Summary (Actual)

Net Operating Income: $155,647 USD (2023)

Cap Rate:	6.10 %
Total Expenses:	$68,085 USD

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Pantry

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	9 min	-	4.2 mi
Long Beach (Daugherty Field)	27 min	-	18.4 mi
Bob Hope	37 min	-	21.3 mi

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

816 Myrtle Ave Inglewood, CA 90301