For Sale Multi-Family MLS# SB26201968

145 W Hillcrest

Inglewood, CA 90301

$1,295,000

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About 145 W Hillcrest

This four-unit multifamily property presents an attractive immediate value-add opportunity in a desirable pocket of Inglewood. Family owned and operated for the past 29 years, the property will allow new ownership to immediately renovate and reposition the units toward market rental rates. The unit mix consists of one 3-bedroom/2-bath townhome and three 1-bedroom/1-bath units. The property also presents a strong owner-user opportunity. As a four-unit property, the asset is subject to Inglewood's more favorable 2–4 unit rent increase regulations, allowing annual increases of 5% plus CPI, capped at 10%. The property also offers potential ADU upside for additional future income and appreciation. Buyer to verify. The property benefited from a comprehensive FAA-funded residential sound insulation retrofit approximately 25 years ago, including upgraded HVAC systems, electrical improvements, and noise-reducing windows and doors. Ideally located in Inglewood with a Walk Score of 87, the property provides convenient access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, major employment centers, retail, entertainment, and freeways. Offered at a 5.95% CAP rate on scheduled income, the property combines strong in-place income with immediate value-add potential, favorable vacancy, and long-term upside.

Property details

Property

Type
Quadruplex
MLS type
Multi Family Home
Status
Active
Year built
1964
Stories
2
Living area
3,974 sqft
Price / sqft
$326
Lot
0.1348
Full baths
5
Original price
$1,295,000
MLS #
SB26201968

Interior

Features
Jack and Jill Bath, Living Room, Fireplace

Exterior & lot

Features
Parking spaces: 0
Construction
2
Lot
4020028018

Schools

District
Inglewood Unified School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Parcel
4020028018
Special conditions
Standard

Location

Area
101 - North Inglewood
County
Los Angeles
Neighborhood
Arbor Park
Community
0.0, Inglewood Unified
Directions
Near the intersection of Hillcrest & S Fir Ave

Ask about this property

Questions on 145 W Hillcrest, Inglewood, CA 90301, or want to see it in person?

Listed by Brett Lyon, Lyon Stahl Investment Real Estate, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.