Property Details
Executive Summary
§
The Neema Group of Marcus & Millichap is pleased to present 10130 S. Inglewood Avenue, a 15-unit multifamily investment opportunity in Inglewood, offered at $2,200,000 ($146,667/unit, $212/SF), reflecting a 6.12% cap rate and 8.05 GRM on in-place income.
§
The property is configured as a single two-story, wood-frame and stucco structure in a U-shaped layout centered around a courtyard with an in-ground pool, complemented by a diverse unit mix of one-, two-, and three-bedroom floor plans catering to a broad range of renter profiles.
§
Significant ADU potential exists through the conversion of the property’s exterior carports and rear tuck-under parking spaces, an opportunity supported by the gated, remote-access parking configuration (buyer to verify feasibility).
§
All units feature recently replaced windows, a meaningful capital improvement already completed by ownership, while Unit 6 is currently undergoing renovation with new interior paint, providing a model for continued value-add work throughout the remaining units.
§
The property offers 15 total parking spaces, comprised of 5 tuck-under spaces and 10 carport spaces, each with dedicated storage located above, all accessed through a gated, remote-controlled entrance.
§
On-site laundry is served by a dedicated laundry room equipped with 2 Speed Queen washers and 2 Speed Queen dryers, providing tenant convenience and an existing income stream.
§
All units are separately metered for gas and electricity, with Centron electric meters and newer Square D circuit breakers on both sides of the meter bank, simplifying ownership and reducing owner-paid utility expense exposure.
