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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 2,595,000
Est. payment | /mo
8,525 SqFt
$ 2,595,000
Est. payment | /mo
8,525 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,525 sqft
Price per Sqft $304
MLS Listing ID CRSB25175162
HOA Y/N No
Year Built 1960
Lot Size 10,016 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
523 Hazel Street offers a compelling opportunity to acquire a 10-unit apartment building in Northwest Inglewood, one of LA’s most active and improving rental markets. Situated on a 10,016 SF lot, the property features 8,535 rentable square feet and a well-balanced unit mix that appeals to both families and individual renters. The mix includes (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, and (5) 1-Bed/1-Bath units, offering a strong balance of spacious layouts and efficient floor plans. With an attractive entry CAP rate of 5.71%, pricing at $259,500 per unit and just $304.40 per square foot, the asset provides solid in-place cash flow with room to grow. Investors can target approximately 10% rental upside, supporting a projected market CAP rate of 6.60%. Located only 2.5 Miles from SoFi Stadium and the Intuit Dome and surrounded by quiet residential blocks, the property is ideally positioned within a neighborhood seeing sustained tenant demand and long-term appreciation. With its desirable location, healthy returns, and proven upside, 523 Hazel Street represents a strong multifamily investment in the path of continued growth.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227