Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
523 Hazel Street, Inglewood, CA 90302
Priced at Only: $2,595,000
For more Information Call
Address: 523 Hazel Street, Inglewood, CA 90302
Request More Information
  • All fields are required.
  • MLS#: SB25175162 ( Commercial/Residential )
  • Street Address: 523 Hazel Street
  • Viewed: 2
  • Price: $2,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 183
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90302
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    523 Hazel Street offers a compelling opportunity to acquire a 10 unit apartment building in Northwest Inglewood, one of LAs 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.
Features
Building Area Total
  1. 8525.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 180
Entry Location
  1. Front Gate
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 12788.00
Laundry Features
  1. Community
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 148066.00
Newtaxesexpense
  1. 34675.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherexpense
  1. 8500.00
Otherexpensedescription
  1. Utility
Parcel Number
  1. 4015006030
Parking Features
  1. Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 13260.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 444473146:CRM
Totalexpenses
  1. 80652.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 12038
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Public Records
Zoning
  1. INR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.