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Casino Royale III 714 S Myrtle Ave 10 Unit Apartment Building $3,100,000 ($310,000/Unit) 5.52% Cap Rate Inglewood, CA 90301
Investment Highlights
- Turnkey Asset with Remaining Upside
- Large & Desirable Floor Plans
- Prime Location in the SoFi Stadium Corridor
- Modern Interior Upgrades
Executive Summary
We are pleased to present 714 Myrtle Ave, a rare turnkey investment opportunity located in the heart of Inglewood’s thriving SoFi Stadium district—one of the most rapidly appreciating rental markets in Los Angeles. The 10-unit property has undergone significant upgrades, with 9 of the 10 units already renovated, offering investors strong in-place income with minimal deferred maintenance and the ability to capture additional upside through the remaining unit. The asset features an exceptional unit mix with large, welldesigned floor plans averaging approximately 960 square feet, providing a competitive advantage in attracting and retaining quality tenants. Interior renovations include modern finishes such as quartz countertops, stainless steel appliances, and dishwashers, aligning the property with today’s renter expectations and supporting premium rental rates. Positioned near major entertainment, employment, and retail hubs, 714 Myrtle Ave offers a compelling combination of stability, quality, and long-term appreciation potential in one of Southern California’s most dynamic growth corridors. For more information, please reach out.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.52% | Building Size | 9,734 SF |
| Gross Rent Multiplier | 11.24 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.34/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | INR3YY - Multi Family Residential | ||
| Price | $3,100,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Gross Rent Multiplier | 11.24 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,734 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | INR3YY - Multi Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,762 | 973 |
| 2+2 | 4 | $2,414 | 973 |
| 1+1 | 4 | $1,938 | 973 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4021-042-016 | Total Assessment | $2,437,225 (2025) |
| Land Assessment | $1,706,059 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $731,166 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4021-042-016
Land Assessment
$1,706,059 (2025)
Improvements Assessment
$731,166 (2025)
Total Assessment
$2,437,225 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Jonathan Weir -
Kevin Green -
Joseph Grabiec -
Weir Group with Marcus and Millichap.
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Casino Royale III | 714 S Myrtle Ave
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