3 Units in Inglewood
231 E Hyde Park Blvd
# of Units: 3
GRM (Pro Forma): 13.32
CAP Rate (Pro Forma): 5.91%
Building SF: 3,129
Lot SF: 4,666
Year Built: 1990
3 Units in North Inglewood, Totally Remodeled Inside and Out! Ground floor is a 613 SF 1Br+1Ba+Den; 2nd floor is a 966 SF 2Br+2Ba+Balcony off Living Room; 3rd & 4th floors are an incredible 2 story Owner's Unit of 1,532 SF with 3 Brs + 2Ba and a Balcony off the Master Suite and a Rooftop Deck! All 3 Units Have Brand New Kitchens and Bathrooms, Engineered Hardwood Flooring, Appliances and so much more! There are 3 enormous garages (400 SF each!) that fit 2 cars each, 2 garages could be converted to ADUs. Potential to rent all 3 units for appx $9,100/month or $109,200/year. This property would be great for an owner-user or an investor, as there are multiple options on how to maximize usage of the property and returns based on the new owner's priorities. Property was built in 1990 and is in excellent condition with everything freshly painted and remodeled.
*Ground floor is a 613 SF 1Br+1Ba+Den, Market Rent is $2,300
*2nd floor is a 966 SF 2Br+2Ba+Balcony off Living Room, Market Rent is $3,000
*3rd & 4th floors are an incredible 2 story Owner's Unit of 1,532 SF with 3 Brs + 2Ba and a Balcony off the Master Suite and a Rear Rooftop Deck! Market Rent is $3,800
Total Appx. Potential Rent: $9,100/mo or $109,200/yr (not including ADU potential)
Located in North Inglewood Near Ladera Heights and Hyde Park. Appx 2 miles to SoFi Stadium, near the Crenshaw Line extension, Intuit Dome (2026), Edward Vincent Jr Park, Inglewood Cemetery, and the Inglewood Courthouse.
The subject property is 1.2 miles from the Fairview Heights station which is slated to open later this year. Additionally, next to the station a new permanent supportive housing and affordable housing complex was just unveiled on April 14, 2022, and features a 4-story Spanish Colonial Revival style building with 101 apartments and 6,300 SF of ground retail space.
Great Location in North Inglewood Near Ladera Heights and Hyde Park. Appx 2 miles to SoFi Stadium
3 Blocks East of La Brea and 2 Blocks South of Centinela.
Great for Owner-Users who want to move in immediately, or Investors wanting to add value through ADUs, cosmetic remodel, etc.
6 Garages, appx. 1,200 SF
Potential to Convert 2 Garages to ADUs
Great Price Per SF - Only $465/SF!
Built in 1990
100% Copper Plumbing
Main Building Systems Appear to be in Good Condition
Lots of Large Windows, Very Bright & Breezy
Patios Facing South and North w/Fantastic Views