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516 Evergreen St
Inglewood, CA 90302
Evergreen Fields · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Strong Value-Add with Majority Renovated Units
- Spacious Floor Plans with Above-Average Unit Size
- Highly Desirable & Diverse Unit Mix
- Excellent Accessibility & Central Location
Executive Summary
We are pleased to present 516 Evergreen St, a compelling investment opportunity in one of Inglewood’s most dynamic and rapidly evolving submarkets. The 16-unit property offers an exceptional and diverse unit mix consisting of one-, two-, and three-bedroom units, including two townhouse-style residences, appealing to a broad tenant base. Approximately 12 of the 16 units have been renovated, providing strong in-place income with additional upside potential through continued interior upgrades. The property features spacious and highly desirable floor plans averaging approximately 865 square feet, allowing for enhanced tenant retention and the ability to command premium rents. Ideally situated near the 405 Freeway, the asset offers convenient access to major employment hubs throughout Los Angeles, while also being in close proximity to the major retail corridors along Centinela Avenue and La Cienega Boulevard. Combined with its location within a high-growth pocket of Inglewood—driven by nearby transformative developments such as SoFi Stadium, Intuit Dome, and Hollywood Park—516 Evergreen St is well-positioned to deliver both stable cash flow and long-term appreciation. For more
information, please reach out.
information, please reach out.
Property Facts
| Price Per Unit | $290,625 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.38% | Lot Size | 0.33 AC |
| Gross Rent Multiplier | 10.92 | Building Size | 14,610 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Zoning | R3, Inglewood - Multiple Dwelling | ||
| Price Per Unit | $290,625 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 10.92 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 14,610 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R3, Inglewood - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,828 | 913 |
| 2+2 | 7 | $2,293 | 913 |
| 2+1.5 | 1 | $2,350 | 913 |
| 1+1 | 6 | $1,753 | 913 |
Property Taxes
| Parcel Number | 4017-004-025 | Improvements Assessment | $1,627,137 |
| Land Assessment | $2,437,227 | Total Assessment | $4,064,364 |
Property Taxes
Parcel Number
4017-004-025
Land Assessment
$2,437,227
Improvements Assessment
$1,627,137
Total Assessment
$4,064,364
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