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313 E Hazel St 6 Unit Apartment Building $1,645,000 ($274,167/Unit) 6.76% Cap Rate Inglewood, CA 90302
Investment Highlights
- 6 Single-Story Units on a Large 15,508-SF Lot | Outstanding North Inglewood Location
- Located Approximately 1.5 Miles from SoFi Stadium & The Forum, and 2 Miles from Intuit Dome | Tremendous Curb Appeal –New Drought-Tolerant Landscaping
- Each Unit Contains Individual Hot Water Heaters | On-Site Laundry Facility, 6 Garage Spaces & Large Rear Parking Area
- Large Lot & Ample Parking Area Present Desirable Opportunity to Add Up to 6 ADUs | New Roof and New Electrical | Three Units Recently Renovated
- Outstanding Unit Mix | Spacious 3-Bedroom Unit with Large Private Backyard & New Washer/Dryer Hook-Ups
- Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla & LAX Airport
Executive Summary
ASSET
6 single-story units on a large 15,508-SF lot in north Inglewood. The property is comprised of (1) 3-bedroom/1-bathroom unit, (2) 2-bedroom/1-bathroom units, (2) 1-bedroom/1-bathroom units and (1) studio/1-bathroom unit. The 3-bedroom unit is spacious and has a large private backyard and new washer/dryer hook-ups. Three of the units have been recently renovated and the studio unit is currently vacant. Each unit has individual hot water heaters and updated electrical subpanels. The property features a new roof, new electrical, new drought-tolerant landscaping, an on-site laundry facility, 6 garage spaces and a large parking area at the rear. The large lot and parking areas present a desirable opportunity to add up to 6 ADUs or redevelop the property to an 11-unit apartment (Buyer to verify).
LOCATION
313 E. Hazel Street is located approximately 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. It is also conveniently located near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla, LAX Airport and Upcoming $1 Billion Inglewood Transit Connector Project.
FINANCIALS
This 4,886-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 6.76% and current GRM of 10.51 and a pro-forma cap rate of 8.43% and pro-forma GRM of 8.90.
6 single-story units on a large 15,508-SF lot in north Inglewood. The property is comprised of (1) 3-bedroom/1-bathroom unit, (2) 2-bedroom/1-bathroom units, (2) 1-bedroom/1-bathroom units and (1) studio/1-bathroom unit. The 3-bedroom unit is spacious and has a large private backyard and new washer/dryer hook-ups. Three of the units have been recently renovated and the studio unit is currently vacant. Each unit has individual hot water heaters and updated electrical subpanels. The property features a new roof, new electrical, new drought-tolerant landscaping, an on-site laundry facility, 6 garage spaces and a large parking area at the rear. The large lot and parking areas present a desirable opportunity to add up to 6 ADUs or redevelop the property to an 11-unit apartment (Buyer to verify).
LOCATION
313 E. Hazel Street is located approximately 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. It is also conveniently located near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla, LAX Airport and Upcoming $1 Billion Inglewood Transit Connector Project.
FINANCIALS
This 4,886-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 6.76% and current GRM of 10.51 and a pro-forma cap rate of 8.43% and pro-forma GRM of 8.90.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$156,492
|
$32.03
|
| Other Income |
$287
|
$0.06
|
| Vacancy Loss |
$4,703
|
$0.96
|
| Effective Gross Income |
$152,076
|
$31.12
|
| Taxes |
$23,030
|
$4.71
|
| Operating Expenses |
$17,850
|
$3.65
|
| Total Expenses |
$40,880
|
$8.37
|
| Net Operating Income |
$111,196
|
$22.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $156,492 |
| Annual Per SF | $32.03 |
| Other Income | |
|---|---|
| Annual | $287 |
| Annual Per SF | $0.06 |
| Vacancy Loss | |
|---|---|
| Annual | $4,703 |
| Annual Per SF | $0.96 |
| Effective Gross Income | |
|---|---|
| Annual | $152,076 |
| Annual Per SF | $31.12 |
| Taxes | |
|---|---|
| Annual | $23,030 |
| Annual Per SF | $4.71 |
| Operating Expenses | |
|---|---|
| Annual | $17,850 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $40,880 |
| Annual Per SF | $8.37 |
| Net Operating Income | |
|---|---|
| Annual | $111,196 |
| Annual Per SF | $22.76 |
Property Facts
| Price | $1,645,000 | Apartment Style | Low-Rise |
| Price Per Unit | $274,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.76% | Building Size | 4,886 SF |
| Gross Rent Multiplier | 10.51 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Zoning | INR3YY | ||
| Price | $1,645,000 |
| Price Per Unit | $274,167 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Gross Rent Multiplier | 10.51 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,886 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | INR3YY |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,174 | - |
| 2+1 | 2 | $2,546 | - |
| 1+1 | 2 | $1,988 | - |
| Studios | 1 | $1,800 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4016-016-016 | Total Assessment | $717,446 |
| Land Assessment | $576,524 | Annual Taxes | $23,030 ($4.71/SF) |
| Improvements Assessment | $140,922 | Tax Year | 2025 |
Property Taxes
Parcel Number
4016-016-016
Land Assessment
$576,524
Improvements Assessment
$140,922
Total Assessment
$717,446
Annual Taxes
$23,030 ($4.71/SF)
Tax Year
2025
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