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413 N Market St 8 Unit Apartment Building $2,419,375 CAD ($302,422 CAD/Unit) 5.20% Cap Rate Inglewood, CA 90302



INVESTMENT HIGHLIGHTS
- Prime Inglewood Location
- First Time on the Market in 30+ Years
- Excellent Opportunity to Convert Carports into ADUs
- Excellent Unit Mix
- Eight (8) Total On-Site Parking Spaces
- Low Price Per Unit
EXECUTIVE SUMMARY
Located in the heart of Inglewood, this property presents an exceptional investment opportunity, featuring spacious unit layouts and an attractive low price per unit. The asset offers an excellent mix of one studio, three one-bedroom, three two-bedroom and one three-bedroom units, along with eight on-site parking spaces and strong value-add potential through the conversion of the existing carport into multiple ADUs under SB1211. Offered for the first time in over 30 years, the property sits adjacent to newly developed townhomes that underscore the neighborhood’s ongoing revitalization. Residents will benefit from its prime location near Downtown Inglewood’s expanding dining and retail scene, major streets such as La Brea, Florence, Manchester, and La Cienega, and close proximity to the Metro K Line, SoFi Stadium, the Kia Forum, and Intuit Dome.
Surrounded by major entertainment venues, thriving local businesses, and expanding transit infrastructure, the property offers a new investor a quiet Inglewood location with good value-add opportunity with large units.
Surrounded by major entertainment venues, thriving local businesses, and expanding transit infrastructure, the property offers a new investor a quiet Inglewood location with good value-add opportunity with large units.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,419,375 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $302,422 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.20% | Building Size | 6,145 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 93% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | INC3YY | ||
| Price | $2,419,375 CAD |
| Price Per Unit | $302,422 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 12 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,145 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | INC3YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 4016-025-013 | Improvements Assessment | $522,089 CAD (2025) |
| Land Assessment | $348,048 CAD (2025) | Total Assessment | $870,138 CAD (2025) |
PROPERTY TAXES
Parcel Number
4016-025-013
Land Assessment
$348,048 CAD (2025)
Improvements Assessment
$522,089 CAD (2025)
Total Assessment
$870,138 CAD (2025)
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413 N Market St
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