933 Hyde Park Blvd, Inglewood, CA, 90302

933 Hyde Park Blvd, Inglewood, CA, 90302

Inglewood, CA

Property Description

Lyon Stahl is pleased to have closed 933 E Hyde Park Blvd, a 4-unit apartment building located in the desirable Northwest pocket of Inglewood, just a short distance to the Forum, future NFL Stadium, and LAX. This 3,738 SF building was built in 1963 and is situated on a 5,394 SF lot. 933 E Hyde Park Boulevard offers a great unit mix of one (1) 3-bed/2-bath unit, one (1) 2- bed/1-bath unit and two (2) 1-bed/1-bath units separately metered for gas & electric. The building features on-site laundry and four covered parking spaces.

This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low. Located just two miles North of the Inglewood multi-billion dollar developments, 933 E Hyde Park Boulevard is an excellent owner-user buy, allowing for an owner to live in one unit and enjoy the top of the market rental income from the other.

• Well-Maintained 4-Unit Building Consisting of (1) 3- Bed/2-Bath Unit, (1) 2-Bed/1-Bath Unit & (2) 1- Bed/1-Bath Units
• 3,738 SF of Living Space Situated on a 5,394 SF Lot
• Covered Parking Provides for One Space/Unit
• Currently Operating at a 3.65% CAP & 17.07 GRM | Pro Forma 5.10% CAP & 13.60 GRM
• Only a Short Commute to the Forum, LAX, & SoFi Stadium Development

Property Features

  • Sale Price: $1,125,000
  • Land Area: 5394 SF
  • Year Built: 1963
  • Closing Date: 12/23/2020
  • Units: 4
  • Current GRM: 17.07
  • Current Cap Rate: 3.65%
  • Price Per Unit: $293,750
  • Market GRM: 17.07
  • Market Cap Rate: 5.75%

Lyon Stahl Investment Real Estate

Keep In Touch