509 Hyde Park Place, Inglewood, CA, 90302
9 Units within 2 Updated & Well-Kept Buildings
Gated Controlled Access Property
Prime Investment Opportunity – 9-Unit Apartment Complex in Thriving Inglewood
Welcome to 509 Hyde Park Pl, Inglewood, CA 90302 – a 9-unit, 2-building multifamily property in an expanding and highly sought-after rental market. With 100% occupancy, this turnkey investment offers immediate cash flow and long-term growth potential.
Property Highlights:
✅ 9 Units Across 2 Buildings – Diverse unit mix: 5 x 1BRs, 1 x 2BR, 3 x Studios
✅ Prime Location – Minutes from SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park Casino, shopping & dining, and LAX
✅ Walk Score: 74 – Convenient access to grocery stores, parks, retail, and restaurants
✅ Secure & Updated – Gated property with a new entry gate/motor
✅ On-Site Laundry & Master Gas Meter – Cost-effective for tenants and owners
✅ Ample Parking – 11 parking spaces (9 on property + 2 outside front gate)
✅ Recent Upgrades – New roof (building #1), exterior paint, newer electrical meter, copper plumbing, and water heater
✅ Comfortable Living Spaces – AC/heating wall units in each unit, with some featuring private patios
Investment Potential
Located in the INR3 zoning district, this well-maintained property is a fantastic opportunity for investors or developers looking to capitalize on Inglewood’s rapid growth and high rental demand.
OFFERING SUMMARY
PRICE: $2,050,000
CAP RATE: 5.11%
NOI: $104,807
NUMBER OF UNITS: 9
BUILDING SF: 3,318 SF
LOT SIZE: 12,015 SF
OCCUPANCY 100%
PRICE / UNIT: $227,777
PRICE / SF: $617.84
PARKING: 11
RENOVATED: 2019
YEAR BUILT: 1948
ZONING: INR3
Inglewood, CA – A Thriving Real Estate Market with Premier Job Hubs
Inglewood has emerged as one of Southern California’s most dynamic real estate markets, driven by major developments and a surge in demand. With its strategic location near downtown Los Angeles and the South Bay, Inglewood offers strong investment potential and a growing community appeal.
Key economic drivers include SoFi Stadium, home to the LA Rams and Chargers, which has transformed the area into a major entertainment and sports hub. Adjacent to it, Hollywood Park is a 300-acre mixed-use development featuring retail, office space, residences, and green spaces. The Forum, a legendary concert venue, continues to attract top-tier events, further solidifying Inglewood’s status as a cultural destination. Additionally, Los Angeles International Airport (LAX)—one of the busiest airports in the world—provides significant employment opportunities, fueling local housing demand.
With a strong job market, ongoing development, and increasing property values, Inglewood presents a prime opportunity for apartment building owner and investors.
Please call Mason Canter for more at 310-722-3161
