Samimi CRE Advisors
    Listings/531 W Hyde Park Blvd
    531 W Hyde Park Blvd - Photo 1
    multifamilyActive Listing

    531 W Hyde Park Blvd, Inglewood CA 90302

    Inglewood, CA 90302

    Valuation

    $3,500,000

    Key Specifications

    Total Units

    13

    multifamily

    Year Built

    1959

    Value-Add Era

    Interior

    10,218 SF

    $343 / SF

    Lot Area

    13,070 SF

    Unit Mix

    multifamily

    11x 2-Bed/1-Bath, 2x 3-Bed/2-Bath

    Investment Highlights

    In place 6.41% cap rate and 10.61 GRM
    Priced at a 10.61 GRM and 6.41% current cap rate
    Over 20% upside in rents
    Tremendous ADU potential with over 7 ADU's potentially to be added
    3 Very easy ADU's can be added in tuck under for a total of $300K yielding a 4.5GRM on the new units.
    Located in the most coveted pocket of Inglewood, North of Florence with close proximity to Culver City, Downtown LA and the Beach.

    Property Overview

    531 W Hyde Park is a 13-unit multifamily property located in the highly sought-after Inglewood market, offering a compelling 6.41% in-place cap rate and 10.61 GRM. The property boasts a desirable unit mix, featuring eleven 2-bedroom units and two 3-bedroom/2-bathroom units, catering to a broad tenant base. Significant capital improvements have already been made to the building's systems and renovated units, enhancing its appeal and operational efficiency. This asset presents a substantial value-add opportunity with over 20% rental upside achievable through proactive management. Furthermore, there is tremendous potential for Accessory Dwelling Units (ADUs), with the possibility of adding over 7 ADUs. Specifically, three easy tuck-under ADUs can be developed for approximately $100,000 per unit, yielding an attractive 4.5 GRM on the new units, or a detached 4-unit structure while preserving existing parking. The property benefits from its prime location in Inglewood, situated North of Florence Avenue, providing excellent access to Culver City, Downtown Los Angeles, and the beach. This strategic position places it in the heart of a rapidly appreciating market, home to major attractions like SoFi Stadium, YouTube Theater, and COSM, making it an exceptional investment opportunity with strong long-term growth potential.