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Travis Breton

travisbreton@gmail.com +1(866) 344-7473

Listed by Woody Stahl, DRE #01399621 • Lyon Stahl Investment Real Est

$ 1,925,000

Est. payment | -/mo

9,997 Sqft Lot

Save

$ 1,925,000

Est. payment | -/mo

Save

9,997 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26232823

Year Built 1966

Lot Size 9,997 Sqft

Source California Regional MLS

Property Description

308 Stepney Street presents an attractive eight-unit multifamily investment opportunity in a desirable pocket of North Inglewood. Offered at $1,925,000, the property features a strong in-place 6.45% CAP rate and 9.31 GRM, with projected market rents supporting a pro forma 8.21% CAP rate and 7.94 GRM. The unit mix consists of one 4-bedroom/2-bath unit, three 2-bedroom/1-bath unit, two 2-bedroom/2-bath units, and two 1-bedroom/1-bath units, providing a desirable combination of spacious floor plans. Built in 1966, the property consists of 8,571 square feet of improvements situated on a 9,997-square-foot lot. The building offers ample on-site parking with 14 total spaces, including ten covered spaces, two driveway spaces, and two-car garage. Current rental rates are approximately 17% below projected market rents, providing new ownership with an opportunity to increase income over time through rent growth and potential unit improvements. Ideally located in North Inglewood, the property provides convenient access to major employment centers throughout Los Angeles and the South Bay, including LAX, Culver City, and the surrounding aerospace and technology industries. Residents also benefit from proximity to SoFi Stadium, Intuit Dome, Hollywood Park, and the Kia Forum, as well as co

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Interior

Laundry Laundry Area

Exterior

Garage Spaces 14.0

Pool None

Building

Water District - Public

Others

Tax ID 4016016003

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 344-7473

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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308 Stepney ST Inglewood, CA 90302