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720 N Market St 16 Unit Apartment Building $5,700,000 ($356,250/Unit) 4.97% Cap Rate Inglewood, CA 90302
Investment Highlights
- Highly Improved Property with Major Renovations - $50K per unit!
- Advantageous Location for Tenants- High-paying job hubs nearby include LAX, SPACE X, SoFi, Kaiser & more
- Limited Competition for High End Upgrades
- Rehab Includes: Solar Panel, 88 New Windows, New Electrical Panels/ Sub Panels, 16 Nest Themostats, New Roof, Cooper Repiped, Updated Securtiy System.
- Strong In place Income with Updside
Data Room Click Here to Access
Financial Summary (Actual - 2025) 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 - 2025) 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 | $5,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $356,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 4.97% | Building Size | 13,918 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 94% |
| Gross Rent Multiplier | 11.87 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1964/2019 |
| Property Type | Multifamily | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Inglewood - Multiple-Family Residential | ||
| Price | $5,700,000 |
| Price Per Unit | $356,250 |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.87 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 13,918 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2019 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | R3, Inglewood - Multiple-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Intercom
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Cabana
- Gas Range
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $3,131 | 1,075 |
| 2+2 | 9 | $2,574 | 850 - 950 |
| 2+1.5 | 3 | $2,400 | 850 |
| 1+1 | 2 | $2,245 | 875 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4016-010-002 | Total Assessment | $6,780,603 |
| Land Assessment | $5,030,771 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,749,832 | Tax Year | 2025 |
Property Taxes
Parcel Number
4016-010-002
Land Assessment
$5,030,771
Improvements Assessment
$1,749,832
Total Assessment
$6,780,603
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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720 N Market St
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