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610 E Hyde Park Blvd 12 Unit Apartment Building $4,322,950 CAD ($360,246 CAD/Unit) 5.84% Cap Rate Inglewood, CA 90302



Executive Summary
Lee & Associates is pleased to present 610 E Hyde Park Blvd, a 12-unit multifamily investment opportunity located in an excellent area of Inglewood, California.
This property provides investors with an excellent apartment opportunity in one of Los Angeles County’s most dynamic rental markets, just minutes from SoFi Stadium, the Kia Forum, and the new Intuit Dome, all of which continue to fuel massive economic and residential growth throughout the area. The property sits on a 12,054 square foot lot and features approximately 8,846 rentable square feet. Built in 1963, the building consists of a desirable unit mix of 1-, 2-and 3-bedroom units, appealing to a wide range of tenants. Most units are currently leased below market, offering substantial upside potential through interior renovations and rent repositioning. This investment is ideal for those seeking strong in-and stable income with room for long-term appreciation. The building is separately metered for gas and electricity, allowing for efficient
management and reduced operating costs. Residents enjoy gated access, on-site parking, and proximity to key employment, entertainment, and transportation hubs.
The property’s central Los Angeles location near the Beach Cities, LAX, Playa Vista, and major freeways (405, 105, and 110) ensures sustained tenant demand and continued
rent growth potential.
This property provides investors with an excellent apartment opportunity in one of Los Angeles County’s most dynamic rental markets, just minutes from SoFi Stadium, the Kia Forum, and the new Intuit Dome, all of which continue to fuel massive economic and residential growth throughout the area. The property sits on a 12,054 square foot lot and features approximately 8,846 rentable square feet. Built in 1963, the building consists of a desirable unit mix of 1-, 2-and 3-bedroom units, appealing to a wide range of tenants. Most units are currently leased below market, offering substantial upside potential through interior renovations and rent repositioning. This investment is ideal for those seeking strong in-and stable income with room for long-term appreciation. The building is separately metered for gas and electricity, allowing for efficient
management and reduced operating costs. Residents enjoy gated access, on-site parking, and proximity to key employment, entertainment, and transportation hubs.
The property’s central Los Angeles location near the Beach Cities, LAX, Playa Vista, and major freeways (405, 105, and 110) ensures sustained tenant demand and continued
rent growth potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$410,871
|
$46.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,326
|
$1.39
|
| Effective Gross Income |
$398,545
|
$45.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$146,146
|
$16.52
|
| Net Operating Income |
$252,399
|
$28.53
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $410,871 |
| Annual Per SF | $46.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,326 |
| Annual Per SF | $1.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $398,545 |
| Annual Per SF | $45.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $146,146 |
| Annual Per SF | $16.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $252,399 |
| Annual Per SF | $28.53 |
Property Facts
| Price | $4,322,950 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $360,246 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.84% | Building Size | 8,846 SF |
| Gross Rent Multiplier | 10.52 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Inglewood | ||
| Price | $4,322,950 CAD |
| Price Per Unit | $360,246 CAD |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Gross Rent Multiplier | 10.52 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,846 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Inglewood |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 450 |
| 2+1 | 5 | - | - |
| 2+2 | 3 | - | 730 |
| 3+2 | 3 | - | 863 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4014-023-020 | Improvements Assessment | $683,776 CAD |
| Land Assessment | $1,880,408 CAD | Total Assessment | $2,564,184 CAD |
Property Taxes
Parcel Number
4014-023-020
Land Assessment
$1,880,408 CAD
Improvements Assessment
$683,776 CAD
Total Assessment
$2,564,184 CAD
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610 E Hyde Park Blvd
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