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714 S Myrtle Ave
Inglewood, CA 90301
Casino Royale III · Multifamily Property For Sale
·
10 Units
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.
Property Facts
| Price Per Unit | $310,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.52% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 11.24 | Building Size | 9,734 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | INR3YY - Multi Family Residential | ||
| 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 |
Property Taxes
| Parcel Number | 4021-042-016 | Improvements Assessment | $731,166 |
| Land Assessment | $1,706,059 | Total Assessment | $2,437,225 |
Property Taxes
Parcel Number
4021-042-016
Land Assessment
$1,706,059
Improvements Assessment
$731,166
Total Assessment
$2,437,225
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