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2414 W 85th St - Charming 5 Unit on a Quiet Area of Inglewood! 5 Unit Apartment Building Offered at $1,350,000 at a 3.81% Cap Rate Inglewood, CA 90305
Investment Highlights
- Immediate Value-Add Opportunity – One two-bedroom unit will be delivered vacant at the close of escrow.
- Charming Character Property – Originally built in 1947, the property offers timeless curb appeal with an attractive brick façade & large bay windows.
- Prime Residential Inglewood Location – Located in one of Inglewood's most desirable residential neighborhoods just east of SoFi Stadium!
- Major Capital Improvements Completed - Central AC/Heat, Triple Pane Windows, SB 721 Compliant.
- Five Vacant Detached Garages – All five garages will be delivered vacant at closing, creating additional revenue opportunities.
Executive Summary
John Katnik of BRC Advisors is pleased to present the exclusive offering of 2414 W 85th St, a charming value-add apartment community located in one of Inglewood's most desirable residential neighborhoods.
This asset represents a rare opportunity to acquire a well-maintained 5-unit apartment building with significant rental upside just east of SoFi Stadium and the Hollywood Park development. Originally constructed in 1947, the property consists of approximately 3,866 rentable square feet situated on a 6,902 square foot lot. The building features timeless architectural character, highlighted by its attractive brick façade, large bay windows, and charming curb appeal that distinguishes it from many competing multifamily properties in the area.
Current ownership has completed numerous capital improvements throughout the property, including upgraded electrical systems, newer triple pane windows, central heating and air conditioning in every unit, individual water heaters, and compliance with California's SB 721 balcony inspection requirements. The property is individually metered for gas and electricity, minimizing owner utility expenses.
The property consists of five units, including two singles, one one-bedroom unit, and two two-bedroom units. One of the two-bedroom units will be delivered vacant at the close of escrow, providing an investor with an immediate opportunity to renovate and lease the unit at market rent. Additionally, all five detached garages located off the alley will be delivered vacant at closing, offering additional income potential through garage rentals or ADU potential (Buyer to Verify).
The asset currently operates at a 3.81% cap rate with substantial upside to a projected 7.18% cap rate through the implementation of market rents. Positioned in one of Southern California's most dynamic rental markets, 2414 W 85th St offers investors stable in-place income, exceptional value-add potential, and long-term appreciation in one of Inglewood's strongest residential neighborhoods.
This asset represents a rare opportunity to acquire a well-maintained 5-unit apartment building with significant rental upside just east of SoFi Stadium and the Hollywood Park development. Originally constructed in 1947, the property consists of approximately 3,866 rentable square feet situated on a 6,902 square foot lot. The building features timeless architectural character, highlighted by its attractive brick façade, large bay windows, and charming curb appeal that distinguishes it from many competing multifamily properties in the area.
Current ownership has completed numerous capital improvements throughout the property, including upgraded electrical systems, newer triple pane windows, central heating and air conditioning in every unit, individual water heaters, and compliance with California's SB 721 balcony inspection requirements. The property is individually metered for gas and electricity, minimizing owner utility expenses.
The property consists of five units, including two singles, one one-bedroom unit, and two two-bedroom units. One of the two-bedroom units will be delivered vacant at the close of escrow, providing an investor with an immediate opportunity to renovate and lease the unit at market rent. Additionally, all five detached garages located off the alley will be delivered vacant at closing, offering additional income potential through garage rentals or ADU potential (Buyer to Verify).
The asset currently operates at a 3.81% cap rate with substantial upside to a projected 7.18% cap rate through the implementation of market rents. Positioned in one of Southern California's most dynamic rental markets, 2414 W 85th St offers investors stable in-place income, exceptional value-add potential, and long-term appreciation in one of Inglewood's strongest residential neighborhoods.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,316
|
$22.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,589
|
$0.67
|
| Effective Gross Income |
$83,727
|
$21.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,283
|
$8.35
|
| Net Operating Income |
$51,444
|
$13.31
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $86,316 |
| Annual Per SF | $22.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,589 |
| Annual Per SF | $0.67 |
| Effective Gross Income | |
|---|---|
| Annual | $83,727 |
| Annual Per SF | $21.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $32,283 |
| Annual Per SF | $8.35 |
| Net Operating Income | |
|---|---|
| Annual | $51,444 |
| Annual Per SF | $13.31 |
Property Facts
| Price | $1,350,000 | Apartment Style | Garden |
| Price Per Unit | $270,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,866 SF |
| Cap Rate | 3.81% | Average Occupancy | 80% |
| Gross Rent Multiplier | 15.64 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 1.29/1,000 SF |
| Zoning | INR3YY | ||
| Price | $1,350,000 |
| Price Per Unit | $270,000 |
| Sale Type | Investment |
| Cap Rate | 3.81% |
| Gross Rent Multiplier | 15.64 |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.16 AC |
| Building Size | 3,866 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | INR3YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $876.00 | 500 |
| 1+1 | 1 | $1,266 | 750 |
| 2+1 | 2 | $1,493 | 1,050 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
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2414 W 85th St - Charming 5 Unit on a Quiet Area of Inglewood!