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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 4,750,000
Est. payment | /mo
0.46 Acres Lot
$ 4,750,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25175206
Year Built 1960
Lot Size 0.459 Acres
Source California Regional MLS
Property Description
327-331 Stepney Street presents a unique opportunity to acquire a 20-unit multifamily asset spread across two adjacent parcels in Northwest Inglewood. Set on a combined 20,013 SF lot, the property features a highly diverse unit mix-ranging from spacious 3-bedroom apartments to efficient studios-appealing to a wide tenant base in one of LA's most rapidly evolving rental markets. The unit mix includes (1) 3-Bed/2-Bath, (1) 3-Bed/1-Bath, (1) 2-Bed/2-Bath, (6) 2-Bed/1.5-Bath, (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, and (7) Studio units, totaling 15,698 rentable square feet. With an attractive in-place CAP rate of 5.44%, a low basis of $302.59 per square foot, and pricing at just $237,500 per unit, the property offers strong current income with significant upside. Investors can target approximately 20% rental growth, supporting a projected market CAP rate of 7.13%. Ideally located in a quiet residential pocket of Inglewood, and only 2.5 miles from the Intuit Dome and SoFi Stadium, the property is well-positioned to benefit from continued local development and tenant demand. With its favorable unit mix, strong fundamentals, and upside potential, 327-331 Stepney Street stands out as a compelling value-add investment in a high-growth submarket.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Pool None
Building
Water District - Public
Others
Tax ID 4016014003
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037