523 E Hazel Street Active Save Request In-Person Tour Request Virtual Tour
Inglewood,CA 90302
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,525 sqft
Price per Sqft $304
MLS Listing ID CRSB25175162
HOA Y/N No
Year Built 1960
Lot Size 10,016 Sqft
Acres 0.23
Property Sub-Type Other
Property Description
523 Hazel Street offers a compelling opportunity to acquire a 10-unit apartment building in Northwest Inglewood, one of LA’s most active and improving rental markets. Situated on a 10,016 SF lot, the property features 8,535 rentable square feet and a well-balanced unit mix that appeals to both families and individual renters. The mix includes (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, and (5) 1-Bed/1-Bath units, offering a strong balance of spacious layouts and efficient floor plans. With an attractive entry CAP rate of 5.71%, pricing at $259,500 per unit and just $304.40 per square foot, the asset provides solid in-place cash flow with room to grow. Investors can target approximately 10% rental upside, supporting a projected market CAP rate of 6.60%. Located only 2.5 Miles from SoFi Stadium and the Intuit Dome and surrounded by quiet residential blocks, the property is ideally positioned within a neighborhood seeing sustained tenant demand and long-term appreciation. With its desirable location, healthy returns, and proven upside, 523 Hazel Street represents a strong multifamily investment in the path of continued growth.
Location
State CA
County Los Angeles
Zoning INR3
Interior
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 4015006030