135 N Hillcrest Blvd
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135 N Hillcrest Blvd
12 Unit Apartment Building $2,725,000 ($227,083/Unit) 5% Cap Rate Inglewood, CA 90301
Investment Highlights
- Corner Location
- Priced below market comps
- Tremendous value and upside
Executive Summary
135 N. Hillcrest Blvd presents a unique opportunity to acquire a 12-unit multi-family investment property strategically positioned at the nexus of the beach cities, LAX and DTLA. Tenants will enjoy immediate access to renowned retail centers and entertainment hubs such as SoFi Stadium, Hollywood park, KIA Forum and the Intuit Dome. This location is nestled in a charming neighborhood on a tree-lined street.
The property offers a diverse unit mix with (8) 1-bedroom, (3) 2-bedroom and (1) 2-bedroom + Den units. The property also has (12) garaged parking spaces.
There is tremendous opportunity for value enhancement with current rents reflecting a potential upside of nearly 40%. This property is being sold "As-Is".
The property offers a diverse unit mix with (8) 1-bedroom, (3) 2-bedroom and (1) 2-bedroom + Den units. The property also has (12) garaged parking spaces.
There is tremendous opportunity for value enhancement with current rents reflecting a potential upside of nearly 40%. This property is being sold "As-Is".
Property Facts In Escrow
| Price | $2,725,000 | Apartment Style | Low Rise |
| Price Per Unit | $227,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5% | Building Size | 9,391 SF |
| Gross Rent Multiplier | 12.14 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,725,000 |
| Price Per Unit | $227,083 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.14 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,391 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Balcony
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 1 | - | - |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 4021-006-001 | Improvements Assessment | $319,353 |
| Land Assessment | $133,155 | Total Assessment | $452,508 |
PROPERTY TAXES
Parcel Number
4021-006-001
Land Assessment
$133,155
Improvements Assessment
$319,353
Total Assessment
$452,508
zoning
| Zoning Code | INR3YY |
| INR3YY |
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135 N Hillcrest Blvd
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