818 Myrtle Avenue #1

Inglewood, CA 90301

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,162 Sqft
  • 19250
    Sqft(Lot)
$2,550,000

Description

6.10% cap rate and 11.06 grm on massive 19,250 sqft lot

zoned r3 with current in place cash flow. a new buyer can

develop 18 units by right or 27 units with 50% density

bonus allowed through the city. perfect asset to land bank

for future development while achieving great in place

cash flow. property can achieve 60% rental upside by

easily adding 3 adus.

offered at $132/ft for land and just $231k/unit. incredible

value here for any investor.

816 myrtle is just two blocks away from so-fi stadium, the

forum & new intuit dome! 11 bungalow style units situated

on a 19,250 sqft lot! the property is currently operating at

a 6.10% cap rate and 11.06 grm with 60% upside available

once the adus are built. each unit is separately metered

for gas and electric.

t he subject property is located only minutes away from

sofi stadium, youtube theater, intuit arena, lax airport,

and many more developments. om in supplements.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48352888

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1937
    • Building Area Total: 6,162

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4419
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19250

  • Listing Price Information

    • Original List Price: 2,550,000
    • Listing Contract Date: 2025-01-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4024005018

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Off Prairie and Arbor Vitae
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 88
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 01/18/2025 @ 01:46

  • MLS: SB25011648
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,162 sqft, 19,250 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Inglewood , in zip code 90301, this Los Angeles County Home are nearby neighborhoods.