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949 N Cedar St
Inglewood, CA 90302 Inglewood

$3,100,000 USD

Apartments For Sale  •  8,681 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,681 SF
  • Lot Size 0.64 AC
  • Building Class C
  • Year Built 1946
  • Cap Rate 5.23 %
  • Zoning P1, Inglewood
50 Transit Score
60 Walk Score

Highlights

Rare Bungalow-Style Apartment Community – 949 N Cedar St consists of 11 units spread across seven separate structures!
Massive 27,744 SF Lot – The property sits on an oversized parcel, providing significant intrinsic land value and long-term investment appeal!
Strong In-Place Cash Flow with Rental Upside – The asset is 100% occupied with stable tenants and solid existing income with upside!
Excellent Tenant Amenities – All units feature in-unit W/D hookups, while each 2-bedroom unit includes a private one-car garage and one open space!
Prime North Inglewood Location – Located just off Centinela Ave, the property benefits from strong tenant demand and close access to SoFi Stadium!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $162,132 USD (2026)
Cap Rate: 5.23 %
Total Expenses: $100,498 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Trash Pickup - Curbside
  • Kitchen
  • Oven
  • Yard
  • Lawn
  • Public Transportation
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 9 min - 4.0 mi
Bob Hope 35 min - 17.9 mi
Long Beach (Daugherty Field) 27 min - 20.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
John Katnik 310-956-2291 BRC Advisors - BH, Inc.
John Katnik 310-956-2291 BRC Advisors - BH, Inc.