233 Stepney St, Inglewood, CA 90302

233 Stepney St, Inglewood, CA 90302

Inglewood, CA
$1,780,000

Property Description

233 Stepney Street is a 5-unit apartment building located in Inglewood, just a short distance to the Forum, future NFL stadium, and LAX. The building was built in 1969 and consists of 5,154 SF of living space on a 7,511 SF lot. 233 Stepney Street offers a great unit mix consisting of one (1) 3-bed/2.5-bath, four (4) 1-bed/1- bath. The building features on-site laundry, five carport parking spaces, and three tuck-under parking spaces. Located just two miles from the Inglewood multi-billion dollar developments, 233 Stepney Street is an excellent investment opportunity for any investor seeking a hedge against inflation, stability, and long-term appreciation potential.

Property Features

  • Sale Price: $1,780,000
  • Area Size: 5,154 SF
  • Land Area: 7,511 SF
  • Year Built: 1969
  • Listing Date: 02/02/2021
  • Units: 5
  • Current GRM: 17.13
  • Current Cap Rate: 3.31%
  • Price Per Unit: $356,000
  • Market GRM: 15.36
  • Market Cap Rate: 3.95%
  • Current NOI: $58,995

Lyon Stahl Investment Real Estate

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