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JUST REDUCED $200,000. Bring Offers. 720 N Market St 16 Unit Apartment Building $7,794,522 CAD ($487,158 CAD/Unit) 5.61% Cap Rate Inglewood, CA 90302
Investment Highlights
- “Everything” inside-and-out rehabbed or replaced.
- Virtually no cap ex required for a decade.
- Highly desirable NW Inglewood submarket.
- A seamless opportunity…easy to buy, easy to run.
- Best in Class asset.
Executive Summary
One of Inglewood's finest buildings…in Inglewood's most sought after
'Northwest Inglewood' submarket. With easy access to the 405,
Westchester, LAX, the Westside and South Bay, this pocket is a "go to"
for renters and investors, alike.
The property has been painstakingly upgraded and offers renters a
superior rental option. BUILDING HAS BEEN REHABBED INSIDE-AND OUT,
OVER THE LAST DECADE AT AN APPROX. COST OF $750,000 -
this would be $1MM or more in the current market - including HVAC,
Nest Thermostats, Solar, New Windows, New Copper Plumbing, New
Electrical, New Security Camera System, New Controlled Access Entry,
and 16 ALL NEW INTERIORS.
"You name it", it's been rehabbed or replaced.
'Northwest Inglewood' submarket. With easy access to the 405,
Westchester, LAX, the Westside and South Bay, this pocket is a "go to"
for renters and investors, alike.
The property has been painstakingly upgraded and offers renters a
superior rental option. BUILDING HAS BEEN REHABBED INSIDE-AND OUT,
OVER THE LAST DECADE AT AN APPROX. COST OF $750,000 -
this would be $1MM or more in the current market - including HVAC,
Nest Thermostats, Solar, New Windows, New Copper Plumbing, New
Electrical, New Security Camera System, New Controlled Access Entry,
and 16 ALL NEW INTERIORS.
"You name it", it's been rehabbed or replaced.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$647,283
|
$46.51
|
| Other Income |
$6,565
|
$0.47
|
| Vacancy Loss |
$19,419
|
$1.40
|
| Effective Gross Income |
$634,430
|
$45.58
|
| Taxes |
$98,600
|
$7.08
|
| Operating Expenses |
$98,870
|
$7.10
|
| Total Expenses |
$197,470
|
$14.19
|
| Net Operating Income |
$436,960
|
$31.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $647,283 |
| Annual Per SF | $46.51 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,565 |
| Annual Per SF | $0.47 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $19,419 |
| Annual Per SF | $1.40 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $634,430 |
| Annual Per SF | $45.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $98,600 |
| Annual Per SF | $7.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $98,870 |
| Annual Per SF | $7.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $197,470 |
| Annual Per SF | $14.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $436,960 |
| Annual Per SF | $31.40 |
Property Facts
| Price | $7,794,522 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $487,158 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.61% | Building Size | 13,918 SF |
| Gross Rent Multiplier | 11.92 | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Zoning | R3, Inglewood | ||
| Price | $7,794,522 CAD |
| Price Per Unit | $487,158 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.92 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 13,918 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2019 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | R3, Inglewood |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Security System
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Intercom
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,075 |
| 2+2 | 9 | - | 850 - 950 |
| 2+1.5 | 3 | - | 850 |
| 1+1 | 2 | - | 875 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4016-010-002 | Total Assessment | $9,444,295 CAD |
| Land Assessment | $7,007,059 CAD | Annual Taxes | $98,600 CAD ($7.08 CAD/SF) |
| Improvements Assessment | $2,437,236 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4016-010-002
Land Assessment
$7,007,059 CAD
Improvements Assessment
$2,437,236 CAD
Total Assessment
$9,444,295 CAD
Annual Taxes
$98,600 CAD ($7.08 CAD/SF)
Tax Year
2025
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JUST REDUCED $200,000. Bring Offers. | 720 N Market St
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