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327-331 Stepney Street presents a unique opportunity to acquire a 20-unit multifamily asset spread across two adjacent parcels in Northwest Inglewood. Set on a combined 20,013 SF lot, the property features a highly diverse unit mix"”ranging from spacious 3-bedroom apartments to efficient studios"”appealing to a wide tenant base in one of LA's most rapidly evolving rental markets. The unit mix includes (1) 3-Bed/2-Bath, (1) 3-Bed/1-Bath, (1) 2-Bed/2-Bath, (6) 2-Bed/1.5-Bath, (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, and (7) Studio units, totaling 15,698 rentable square feet. With an attractive in-place CAP rate of 5.44%, a low basis of $302.59 per square foot, and pricing at just $237,500 per unit, the property offers strong current income with significant upside. Investors can target approximately 20% rental growth, supporting a projected market CAP rate of 7.13%. Ideally located in a quiet residential pocket of Inglewood, and only 2.5 miles from the Intuit Dome and SoFi Stadium, the property is well-positioned to benefit from continued local development and tenant demand. With its favorable unit mix, strong fundamentals, and upside potential, 327-331 Stepney Street stands out as a compelling value-add investment in a high-growth submarket.
Property Type(s):
Residential Income
| Last Updated | 8/4/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | 101 - North Inglewood | County | Los Angeles |
Additional Details
| AREA | 101 - North Inglewood |
|---|---|
| LOT | 0.4594 acre(s) |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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