523 E Hazel ST Active Save Request In-Person Tour Request Virtual Tour
Inglewood,CA 90302
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25175162
Year Built 1960
Lot Size 10,016 Sqft
Source California Regional MLS
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
Area 101 - North Inglewood
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Pool None
Building
Water District - Public
Others
Tax ID 4015006030
Special Listing Condition Not Applicable