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10223 Darby Ave 6 Unit Apartment Building Offered at $1,450,000 at a 7.46% Cap Rate Inglewood, CA 90303
Investment Highlights
- 7.46% Cap Rate & 9.62 GRM | 7.97% Pro-Forma Cap Rate & 9.15 Pro-Forma GRM | Four Units Delivered Vacant – Units Have Undergone Renovations
- Located Less Than 1 Mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas & Youtube Theatre
- Desirable Opportunity to Add ADUs | Gated Building with On-Site Laundry Facility & Total of 6 Parking Spaces
- Each Unit Contains Individual Hot Water Heaters | Tremendous Curb Appeal – Newly Painted Building with New Drought-Tolerant Landscaping
- Eligible for City of Inglewood Sound Insulation Program Which Would Install New Soundproof Doors, Soundproof Windows & Ducted HVACs (Buyer to Verify)
- Centrally Located Near The Village at Century Shopping Center, Costco, Crenshaw/LAX Metro Line Station and LAX Airport
Executive Summary
ASSET
6-unit apartment in Inglewood. The asset is comprised of (4) 2-bedroom/1-bathroom units and (2) 1-bedroom/1-bathroom units. Each unit contains individual hot water heaters. Four of the units are currently vacant and have undergone renovations. Situated on a 6,631-SF lot, the property was recently painted and features new drought-tolerant landscaping, an on-site laundry facility and a total of 6 parking spaces.Furthermore, the property is eligible for the City of Inglewood Sound Insulation Program, which will replace all the exterior doors and windows with soundproof versions and install ducted HVAC at no cost to the owner (Buyer to verify). The large lot and parking areas present a desirable opportunity to add ADUs.
LOCATION
The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center.
FINANCIALS
This 5,192-SF property has a current cap rate of 7.46% cap rate and 9.62 GRM. The asset also provides upside potential in rents with a pro-forma cap rate of 7.97% and pro-forma GRM of 9.15.
*Title records show the property as 4 units. Buyer to verify and investigate independently.
6-unit apartment in Inglewood. The asset is comprised of (4) 2-bedroom/1-bathroom units and (2) 1-bedroom/1-bathroom units. Each unit contains individual hot water heaters. Four of the units are currently vacant and have undergone renovations. Situated on a 6,631-SF lot, the property was recently painted and features new drought-tolerant landscaping, an on-site laundry facility and a total of 6 parking spaces.Furthermore, the property is eligible for the City of Inglewood Sound Insulation Program, which will replace all the exterior doors and windows with soundproof versions and install ducted HVAC at no cost to the owner (Buyer to verify). The large lot and parking areas present a desirable opportunity to add ADUs.
LOCATION
The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center.
FINANCIALS
This 5,192-SF property has a current cap rate of 7.46% cap rate and 9.62 GRM. The asset also provides upside potential in rents with a pro-forma cap rate of 7.97% and pro-forma GRM of 9.15.
*Title records show the property as 4 units. Buyer to verify and investigate independently.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$150,792
|
$29.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,523
|
$0.87
|
| Effective Gross Income |
$146,269
|
$28.17
|
| Taxes |
$20,300
|
$3.91
|
| Operating Expenses |
$17,851
|
$3.44
|
| Total Expenses |
$38,151
|
$7.35
|
| Net Operating Income |
$108,118
|
$20.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $150,792 |
| Annual Per SF | $29.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,523 |
| Annual Per SF | $0.87 |
| Effective Gross Income | |
|---|---|
| Annual | $146,269 |
| Annual Per SF | $28.17 |
| Taxes | |
|---|---|
| Annual | $20,300 |
| Annual Per SF | $3.91 |
| Operating Expenses | |
|---|---|
| Annual | $17,851 |
| Annual Per SF | $3.44 |
| Total Expenses | |
|---|---|
| Annual | $38,151 |
| Annual Per SF | $7.35 |
| Net Operating Income | |
|---|---|
| Annual | $108,118 |
| Annual Per SF | $20.82 |
Property Facts
| Price | $1,450,000 | Apartment Style | Garden |
| Price Per Unit | $241,667 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,192 SF |
| Cap Rate | 7.46% | Average Occupancy | 33% |
| Gross Rent Multiplier | 9.62 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Zoning | INM1L* | ||
| Price | $1,450,000 |
| Price Per Unit | $241,667 |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| Gross Rent Multiplier | 9.62 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 5,192 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | INM1L* |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,192 | - |
| 1+1 | 2 | $1,900 | - |
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10223 Darby Ave
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