837 Beach Avenue, Inglewood, CA 90302
  • MLS#: SB25140461 ( Commercial/Residential )
  • Street Address: 837 Beach Avenue
  • Viewed: 2
  • Price: $5,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 2
  • 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
    837 839 W Beach Avenue presents a rare opportunity to acquire two side by side apartment buildings totaling 22 units in the highly desirable Northwest Inglewood submarket. Spanning 16,018 SF of rentable space on a large 20,796 SF lot, this well located asset offers strong in place income with additional rental upside. The unit mix consists of (6) 2 bedroom, 1 bath units and (16) 1 bedroom, 1 bath unitsappealing to a broad tenant base. The property includes 22 total parking spaces and benefits from a clean, functional layout across both buildings. With a current 5.26% CAP rate, pricing at $250,000 per unit and $343/SF, and a projected 6.41% market CAP, this asset provides approximately 15% rental upside for investors looking to capture growth in a high demand rental corridor. Ideally located in a quiet residential pocket of Northwest Inglewood, the property is just blocks from major retail and dining near Centinela Avenue and La Cienega Boulevard, offering tenants both convenience and neighborhood charm. 837 839 W Beach Avenue is an ideal opportunity for investors seeking scale, stability, and upside in one of the South Bays most promising multifamily markets.
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Features
Building Area Total
  1. 16018.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Entry Location
  1. Gate
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 24027.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Dimensions Source
  1. Assessor
Lot Features
  1. 21-25 Units/Acre
Netoperatingincome
  1. 291818.00
Newtaxesexpense
  1. 73427.00
Number Of Separate Electric Meters
  1. 22
Otherexpense
  1. 18700.00
Otherexpensedescription
  1. Utility
Parcel Number
  1. 4017013032
Pool Features
  1. None
Professionalmanagementexpense
  1. 27192.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441539452:CRM
Totalactualrent
  1. 39791.00
Totalexpenses
  1. 164353.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 24009
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. INR3YY