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539 E Hyde Park Pl, Inglewood, CA 90302

$1,250,000

Description

Lyon | Stahl is pleased to present 539 Hyde Park Pl., a 5-unit apartment in Inglewood, CA. This 4,230 SF building is situated on just under 6,000 SF of land and boasts a unit mix of one (1) 3-bed/2.5 -bath, one (1) 2-bed/1-bath, two (2) 1-bed/1-bath, and one (1) studio. Offered at only $250,000 a door ($295.51 PSF), this property has a lot of upside potential to operate at a pro forma 5.36% CAP and a GRM of 11.64. The property also features a gated parking area with 8 garages, along with an abundance of street parking for both residents and visitors. 539 Hyde Park Pl. is centrally located near schools, restaurants, and retailers, while also being in close proximity to the Forum, LAX, and future Hollywood Park Stadium. Given its great location and value-add potential, this property is a great opportunity for any investor looking to capitalize on prime Inglewood real estate!

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Investment Highlights:

  • 4,230 SF building situated on a 5,999 SF parcel of land
  • Desirable unit mix: (1) 3-bed/2.5-bath, (1) 2-bed/1-bath, (2) 1-bed/1-bath, & (1) studio unit
  • Huge upside in market rent potential | Pro forma CAP Rate – 5.36% & 11.64 GRM
  • Price per unit of $250,000 | Price per sq. ft. of $295.51
  • Enclosed parking area in back with 8 garages | Plenty of surrounding street parking
  • Value-add opportunity – sold in “as is” condition
  • Mostly vacant and does not qualify for conventional financing
  • Close proximity to schools, restaurants, retailers, & the 405 FWY
  • Only a short commute to the Forum, LAX, & Hollywood Park Stadium site

Property Downloads

Address

  • City: Inglewood
  • State/county: CA
  • Country: United States

Detail

Updated on October 16, 2018 at 3:56 pm

  • Price: $1,250,000
  • Property Size: 4,230 Sq Ft
  • Land Area: 5,999 Sq Ft
  • Garage: 8
  • Year Built: 1963
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • NOI: $66,989
  • GRM: 11.64
  • CAP RATE: 5.36%
  • Price per Unit: $250,000

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin

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