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Assumable loan / Cash Flowing Multifamily 509 Hyde Park Pl 9 Apartment Units Online Auction Sale Inglewood, CA 90302
Financing Available
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Capitalize on this fully occupied Inglewood multifamily building, offering investors a turnkey asset in the heart of it all.
- Tenants enjoy conveniences like Ralphs, Starbucks, Subway, and local shops and restaurants just steps from home.
- Area demographics bode well for investors seeking a foothold in the area, with mostly renter-occupied households within a 2-mile radius.
- Located with residents in mind, with speedy access to the 405, swiftly connecting the property throughout Los Angeles.
- Benefiting from its location near Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, and LAX.
EXECUTIVE SUMMARY
Take advantage of this cash-flowing investment in the coveted Inglewood neighborhood.
509 Hyde Park Place is a nine-unit multifamily ready for new ownership. This charming multifamily property consists of two single-story buildings totaling 8,100 square feet, originally built in 1948 and thoughtfully maintained ever since, making it a longstanding fixture in the neighborhood. The asset includes three studios, five one-bedroom units, and one two-bedroom unit, all situated on a 0.28-acre lot with 11 parking spaces (nine on the property and two just outside the front gate). Recent upgrades enhance this property, including a new roof on one building, fresh exterior paint, a new entry gate with a motor, an updated electrical meter, copper plumbing, and a newer water heater. The property also features on-site laundry, a master gas meter, wall-mounted air conditioning, and heating units in every apartment, with select units offering private patios for added tenant comfort. Fully leased, the property provides immediate income with strong upside potential for investors looking to increase rents through continued interior improvements.
Inglewood is an ever-expanding and developing area that has become a highly sought-after location for renters, investors, and developers. This opportunity offers premier accessibility to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park Casino, shopping and restaurant complex, and Los Angeles International Airport. The area offers plenty of nearby conveniences and dining options. Local favorites like Buna Coffee House and Tea, Hangry Joe’s Jamaican Restaurant, and Cheesecake de Granger Inc. are all within walking distance, while well-known brands such as Dollar Tree, Domino’s Pizza, and Popeyes are just a short drive away. Commutes to and from the property are a breeze with the 405 nearby, as well as popular thoroughfares, Centinela Avenue and Slauson Avenue, quickly connecting throughout Los Angeles.
The Los Angeles multifamily market presents a compelling opportunity for investors as the second largest in the nation, supported by a diverse and robust economy. Within a 2-mile radius of this asset, average household incomes exceed $93,400 annually, which is significantly higher than the national average. Additionally, with approximately 61% of households being renter-occupied, the area offers strong demand and presents a prime opportunity for multifamily investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
For financing inquires please contact Alexander Guirguis at T: 310-246-2582 or alexander.guirguis@chase.com.
509 Hyde Park Place is a nine-unit multifamily ready for new ownership. This charming multifamily property consists of two single-story buildings totaling 8,100 square feet, originally built in 1948 and thoughtfully maintained ever since, making it a longstanding fixture in the neighborhood. The asset includes three studios, five one-bedroom units, and one two-bedroom unit, all situated on a 0.28-acre lot with 11 parking spaces (nine on the property and two just outside the front gate). Recent upgrades enhance this property, including a new roof on one building, fresh exterior paint, a new entry gate with a motor, an updated electrical meter, copper plumbing, and a newer water heater. The property also features on-site laundry, a master gas meter, wall-mounted air conditioning, and heating units in every apartment, with select units offering private patios for added tenant comfort. Fully leased, the property provides immediate income with strong upside potential for investors looking to increase rents through continued interior improvements.
Inglewood is an ever-expanding and developing area that has become a highly sought-after location for renters, investors, and developers. This opportunity offers premier accessibility to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park Casino, shopping and restaurant complex, and Los Angeles International Airport. The area offers plenty of nearby conveniences and dining options. Local favorites like Buna Coffee House and Tea, Hangry Joe’s Jamaican Restaurant, and Cheesecake de Granger Inc. are all within walking distance, while well-known brands such as Dollar Tree, Domino’s Pizza, and Popeyes are just a short drive away. Commutes to and from the property are a breeze with the 405 nearby, as well as popular thoroughfares, Centinela Avenue and Slauson Avenue, quickly connecting throughout Los Angeles.
The Los Angeles multifamily market presents a compelling opportunity for investors as the second largest in the nation, supported by a diverse and robust economy. Within a 2-mile radius of this asset, average household incomes exceed $93,400 annually, which is significantly higher than the national average. Additionally, with approximately 61% of households being renter-occupied, the area offers strong demand and presents a prime opportunity for multifamily investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
For financing inquires please contact Alexander Guirguis at T: 310-246-2582 or alexander.guirguis@chase.com.
MATTERPORT 3D TOUR
Parking and Courtyard Matterport Tour
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Financing Available - Assumable Loan
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.28 AC |
| Sale Condition | Auction Sale | Building Size | 8,100 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 3.32/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 4014-027-021 |
| Building Class | C | ||
| Zoning | INGLEWOOD R3 - I R-3 Residential Multiple provides for multiple family residential development in harmony in scale and character with historic single-family uses. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,100 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 3.32/1,000 SF |
| Zoning | INGLEWOOD R3 - I R-3 Residential Multiple provides for multiple family residential development in harmony in scale and character with historic single-family uses. |
| Parcel Number | 4014-027-021 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Disposal
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
- Recycling
- Smoke Free
- Private Bathroom
Walk Score®
Very Walkable (86)
SALE ADVISOR
SALE ADVISOR
Mason Canter, President at The Mason Canter Group
As an award-winning, veteran real estate investment specialist in residential and commercial property sales, Mason has successfully listed and sold hundreds of millions of dollars in real estate. Now, as Co-founder of Integrated Chapter Services (ICS) which has partnered with Avenu Tech to create a new monetization model that is fast replacing the antiquated and unprofitable loan origination services system, together they are revolutionizing the industry!
Born and raised in Los Angeles, Mason graduated Beverly Hills High School then studied in New York at NYU, earning his degrees with honors. His life journey has taught him that integrity, teamwork, and perseverance is a formula that achieves results. This has shaped and expanded his career in all forms of real estate from luxury homes to multi-family apartment buildings. His unique skill set, industry expertise, and genuine commitment to his clients has established an incomparable track record. Mason's results have not gone unnoticed.
Since 2015, Keller Williams LF and KW Commercial have awarded The Mason Canter Group each year with "Top Dog" performance awards for Highest GCI, Highest Number of Units Closed and has ranked in the Top 3 Regionally and Top 5 Nationally. Prior to starting his own company Mason consistently earned top honors year over year.
Born and raised in Los Angeles, Mason graduated Beverly Hills High School then studied in New York at NYU, earning his degrees with honors. His life journey has taught him that integrity, teamwork, and perseverance is a formula that achieves results. This has shaped and expanded his career in all forms of real estate from luxury homes to multi-family apartment buildings. His unique skill set, industry expertise, and genuine commitment to his clients has established an incomparable track record. Mason's results have not gone unnoticed.
Since 2015, Keller Williams LF and KW Commercial have awarded The Mason Canter Group each year with "Top Dog" performance awards for Highest GCI, Highest Number of Units Closed and has ranked in the Top 3 Regionally and Top 5 Nationally. Prior to starting his own company Mason consistently earned top honors year over year.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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