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614 S Myrtle Ave
Inglewood, CA 90301 Inglewood

$2,075,000 USD

Apartments For Sale  •  11,373 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,538 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 6.80 %
  • Zoning INR3YY
50 Transit Score
70 Walk Score

Highlights

Outstanding Inglewood Location – 6 Blocks from SoFi Stadium, The Forum & Upcoming Inglewood Transit Connector & Less Than 1 Mile from Intuit Dome
6.80% Current Cap Rate & 10.49 Current GRM | 7.70% Pro-Forma Cap Rate & 9.56 Pro-Forma GRM | Outstanding Unit Mix | Large 9,463-SF Lot
Originally Built as 4-Bedroom/2-Bathroom House – Expanded in 1986 (With Permits) to Add 5 Additional Apartment Units
Four Units Renovated w/ New Kitchens, Quartz Counters, New Appliances, New Bathrooms, Upgraded Electrical, HVACs & Washer/Dryer Hook-Ups
Desirable Opportunity to Add ADUs – Plans In-Place to Add New 2-Bedroom/2-Bathroom ADU
Storage Room & Total of 14 Parking Spaces (Including Two Double-Car Garages)

Financial Summary (Actual)

Net Operating Income: $141,187 USD (2025)
Cap Rate: 6.80 %
Total Expenses: $50,699 USD

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Heating
  • Storage Space
  • Freezer
  • Public Transportation
  • Individual Locking Bedrooms
  • Quartz Countertops
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 10 min - 4.3 mi
Long Beach (Daugherty Field) 28 min - 18.5 mi
Bob Hope 37 min - 21.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate
Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate