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Multifamily

515 & 519 E 99th St

515 & 519 E 99th St, Inglewood, CA 90301

Listing Price: $3,900,000

Cap Rate
4.04%
Number of Units
16
GRM
12.86
Price/Unit
$243,750

Investment Overview

The Schwartz Group at Marcus & Millichap, as the exclusive listing agent, is pleased to present 515-519 E 99th Street, a 1959 constructed 16-unit apartment building in Inglewood, California. Situated on two contiguous lots totaling 18,029 SF with securely gated entry and parking, the property benefits from being on two separate parcels with a shared courtyard and is comprised of two three bedroom / one-and-a-half bathroom units, four two bedroom / one bathroom units, six one bedroom / one bathroom units, and four Studios. (All units are individually metered except the Studios, which are master-metered). In addition, there are on-site laundry facilities and each of the units have their own HVAC systems. The current owner has done extensive renovations to include updated landscaping in the common areas, newer windows throughout, and newer plumbing and electrical. With ample parking on-site, there may be the opportunity to add additional income by building an ADU. (Buyer to Verify)

The subject property is located just one block west the revitalized Hollywood Park neighborhood, home of SoFi Stadium, The NFL West Coast Headquarters, the Kia Forum, the YouTube Theater, and the Intuit Dome. The property’s central location allows easy access to public transportation, such as the newly completed K Line of the Los Angeles area light rail line system. Furthermore, the central location provides convenient access to major highways, LAX, and the surrounding Los Angeles communities such as the Beach Cities.

With ongoing revitalization projects and economic development in the area along with the upcoming 2028 Summer Olympics, Inglewood has and continues to experience robust job growth and a high demand for rental properties, making this property an excellent addition to any investment portfolio.

Investment Highlights

  • Located just one block west of the revitalized Hollywood Park neighborhood, home of SoFi Stadium, The NFL West Coast Headquarters, the Kia Forum, the YouTube Theater, and the Intuit Dome
  • Well maintained property with updated landscaping in the common areas, newer windows throughout, and newer plumbing and electrical
  • Diverse unit mix comprised of two three bedroom / one-and-a-half bathroom units, four two bedroom / one bathroom units, six one bedroom / one bathroom units, and four Studios

Exclusively Listed By

Financing By

Multifamily

515 & 519 E 99th St

Listing Price: $3,900,000

Cap Rate
4.04%
Number of Units
16
GRM
12.86
Price/Unit
$243,750

Investment Highlights

  • Located just one block west of the revitalized Hollywood Park neighborhood, home of SoFi Stadium, The NFL West Coast Headquarters, the Kia Forum, the YouTube Theater, and the Intuit Dome
  • Well maintained property with updated landscaping in the common areas, newer windows throughout, and newer plumbing and electrical
  • Diverse unit mix comprised of two three bedroom / one-and-a-half bathroom units, four two bedroom / one bathroom units, six one bedroom / one bathroom units, and four Studios

Investment Overview

The Schwartz Group at Marcus & Millichap, as the exclusive listing agent, is pleased to present 515-519 E 99th Street, a 1959 constructed 16-unit apartment building in Inglewood, California. Situated on two contiguous lots totaling 18,029 SF with securely gated entry and parking, the property benefits from being on two separate parcels with a shared courtyard and is comprised of two three bedroom / one-and-a-half bathroom units, four two bedroom / one bathroom units, six one bedroom / one bathroom units, and four Studios. (All units are individually metered except the Studios, which are master-metered). In addition, there are on-site laundry facilities and each of the units have their own HVAC systems. The current owner has done extensive renovations to include updated landscaping in the common areas, newer windows throughout, and newer plumbing and electrical. With ample parking on-site, there may be the opportunity to add additional income by building an ADU. (Buyer to Verify) The subject property is located just one block west the revitalized Hollywood Park neighborhood, home of SoFi Stadium, The NFL West Coast Headquarters, the Kia Forum, the YouTube Theater, and the Intuit Dome. The property’s central location allows easy access to public transportation, such as the newly completed K Line of the Los Angeles area light rail line system. Furthermore, the central location provides convenient access to major highways, LAX, and the surrounding Los Angeles communities such as the Beach Cities. With ongoing revitalization projects and economic development in the area along with the upcoming 2028 Summer Olympics, Inglewood has and continues to experience robust job growth and a high demand for rental properties, making this property an excellent addition to any investment portfolio.

Exclusively Listed By

Financing By

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