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10242 S 10th Ave 5 Unit Apartment Building $1,803,378 CAD ($360,676 CAD/Unit) 6.93% Cap Rate Inglewood, CA 90303
Investment Highlights
- Attractive 6.93% current cap rate and 9.91 current GRM and pro-forma returns at 8.15% cap rate and 8.81 GRM.
- Renovated through the City of Inglewood/LAX Sound Insulation Program with individual HVAC systems, upgraded electrical & newer windows and doors.
- Recently painted building situated on a large 6,897-SF lot with a total of 5 garage parking spaces.
- Located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park, YouTube Theater, Cosm Los Angeles, and upcoming Inglewood Transit Connector
- Comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit.
- Conveniently located near The Village at Century, Costco, Target, SpaceX, Tesla Design Center, the Crenshaw/LAX Metro Line, and LAX Airport.
Executive Summary
ASSET
5-unit apartment in Inglewood. The asset is situated on a large 6,897-SF corner lot and is comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit.
The property has been renovated with the City of Inglewood/LAX Sound Insulation Program and features individual HVACs, newer windows, upgraded electrical, newer doors, etc. The building was recently painted and there are a total of 5 garage parking spaces.
LOCATION
The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center.
FINANCIALS
10242 S. 10th Avenue has strong in-place income with a current cap rate of 6.93% and current GRM of 9.91. The asset also provides upside potential in rents with a pro-forma cap rate of 8.15% and pro-forma GRM of 8.81.
5-unit apartment in Inglewood. The asset is situated on a large 6,897-SF corner lot and is comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit.
The property has been renovated with the City of Inglewood/LAX Sound Insulation Program and features individual HVACs, newer windows, upgraded electrical, newer doors, etc. The building was recently painted and there are a total of 5 garage parking spaces.
LOCATION
The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center.
FINANCIALS
10242 S. 10th Avenue has strong in-place income with a current cap rate of 6.93% and current GRM of 9.91. The asset also provides upside potential in rents with a pro-forma cap rate of 8.15% and pro-forma GRM of 8.81.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$181,998
|
$43.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,459
|
$1.31
|
| Effective Gross Income |
$176,539
|
$42.52
|
| Taxes |
$25,247
|
$6.08
|
| Operating Expenses |
$26,374
|
$6.35
|
| Total Expenses |
$51,621
|
$12.43
|
| Net Operating Income |
$124,918
|
$30.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,998 |
| Annual Per SF | $43.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,459 |
| Annual Per SF | $1.31 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,539 |
| Annual Per SF | $42.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,247 |
| Annual Per SF | $6.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,374 |
| Annual Per SF | $6.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,621 |
| Annual Per SF | $12.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $124,918 |
| Annual Per SF | $30.09 |
Property Facts
| Price | $1,803,378 CAD | Apartment Style | Garden |
| Price Per Unit | $360,676 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.93% | Building Size | 4,152 SF |
| Gross Rent Multiplier | 9.91 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | INM1L* | ||
| Price | $1,803,378 CAD |
| Price Per Unit | $360,676 CAD |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| Gross Rent Multiplier | 9.91 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | INM1L* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,128 CAD | - |
| 1+1 | 1 | $2,658 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4030-007-011 | Total Assessment | $1,419,254 CAD |
| Land Assessment | $851,554 CAD | Annual Taxes | $25,247 CAD ($6.08 CAD/SF) |
| Improvements Assessment | $567,700 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4030-007-011
Land Assessment
$851,554 CAD
Improvements Assessment
$567,700 CAD
Total Assessment
$1,419,254 CAD
Annual Taxes
$25,247 CAD ($6.08 CAD/SF)
Tax Year
2025
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10242 S 10th Ave
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