Inglewood, CA 90301,818 Myrtle AVE #1
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Inglewood, CA 90301,818 Myrtle AVE #1
Inglewood, CA 90301,818 Myrtle AVE #1
Inglewood, CA 90301,818 Myrtle AVE #1
Inglewood, CA 90301,818 Myrtle AVE #1
Jim Hush
Jim Hush

Agent | License ID: 01438022

+1(619) 573-0717

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$ 2,450,000

$ 2,550,000 3.9%

Est. payment /mo
Sold on 05/30/2025

818 Myrtle AVE #1 Inglewood, CA 90301

0.44 Acres Lot


UPDATED:

Key Details

Sold Price $2,450,000

Property Type Residential Income

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25011648

Year Built 1937

Lot Size 0.442 Acres

Property Sub-Type Apartment

Property Description

6.24% Cap Rate and 10.89 GRM on massive 19,250 sqft lot
zoned R3 with current in place cash flow. A new buyer can
develop 18 units by right or 27 units with 50% density
bonus allowed through the city. Perfect asset to land bank
for future development while achieving great in place
cash flow. Property can achieve 60% rental upside by
easily adding 3 ADUs.
Offered at $132/ft for land and just $231k/unit. Incredible
value here for any investor.
816 Myrtle is just two blocks away from So-Fi Stadium, The
Forum & NEW Intuit Dome! 11 bungalow style units situated
on a 19,250 sqft lot! The property is currently operating at
a 6.24% cap rate and 10.89 GRM with 60% upside available
once the ADUs are built. Each unit is separately metered
for gas and electric.
T he subject property is located only minutes away from
Sofi Stadium, YouTube Theater, Intuit Arena, LAX airport,
and many more developments. OM in supplements.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard


CRMLS – RECore
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556
Bought with Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
agent

Jim Hush

Agent | License ID: 01438022

+1(619) 573-0717

GET MORE INFORMATION

Name
Phone*
Message

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818 Myrtle AVE #1