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Assumable loan / Cash Flowing Multifamily 509 Hyde Park Pl 9 Unit Apartment Building $2,545,267 CAD ($282,807 CAD/Unit) 5.68% Cap Rate Inglewood, CA 90302
Investment Highlights
- Capitalize on this multifamily building, offering investors a turnkey asset in the heart of sought-after Inglewood.
- Tenants enjoy conveniences like Ralphs, Starbucks, Subway, and local shops and restaurants just steps from home (Walk Score of 74).
- Area demographics bode well for investors seeking a foothold in the area, with mostly renter-occupied households within a 2-mile radius.
- Located with residents in mind, with speedy access to the 405, swiftly connecting the property throughout Los Angeles.
- Located in close proximity to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, and LAX.
- Recent upgrades include new roof on bdg #1, painting of all exteriors, new entry gate/motor, newer electrical meter, copper plumbing, new water heater
Executive Summary
Rare opportunity to invest in an ever-expanding and developing area that has become a highly sort-after location for renters, investors and developers. Located in the heart of Inglewood, 509 Hyde Park Pl offers Close Proximity to Inglewood's premier attractions, including SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park casino, shopping and restaurant complex and Los Angeles International Airport. The property has 9 units in 2 buildings and also offers 11 parking spaces (9 spaces on the property and 2 additional spaces outside front gate). With a Unit Mix of 5 x 1 BRs, 1 x 2 BRs and 3 x Studios, the property's recent upgrades include new roof on building #1, the painting of all exteriors, new entry gate/motor, newer electrical meter, copper plumbing, new water heater. Units have AC/Heating wall units and some units have private patios. Laundry On-Site. Master Gas Meter. With a Walk Score of 7 509 Hyde Park Pl is popular with tenants.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Financing Available - Assumable Loan
Financial Summary (Actual - 2026) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,545,267 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $282,807 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.68% | Building Size | 3,318 SF |
| Gross Rent Multiplier | 11.12 | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | INGLEWOOD R3 - IR-3 Residential Multiple provides for multiple family residential development in harmony in scale and character with historic single-family uses. | ||
| Price | $2,545,267 CAD |
| Price Per Unit | $282,807 CAD |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| Gross Rent Multiplier | 11.12 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,318 SF |
| Average Occupancy | 89% |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2019 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | INGLEWOOD R3 - IR-3 Residential Multiple provides for multiple family residential development in harmony in scale and character with historic single-family uses. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
- Recycling
- Smoke Free
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| Studios | 3 | - | - |
| 2+1 | 1 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4014-027-021 | Total Assessment | $2,225,385 CAD (2025) |
| Land Assessment | $1,688,225 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $537,160 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4014-027-021
Land Assessment
$1,688,225 CAD (2025)
Improvements Assessment
$537,160 CAD (2025)
Total Assessment
$2,225,385 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Assumable loan / Cash Flowing Multifamily | 509 Hyde Park Pl
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