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$2,950,000
228 Stepney St, Inglewood, CA 90302
9 Beds
9 Baths
7,464 sqft

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Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 246k/door. Incredible Current Cap Rate of 5.4% and GRM of 13.4 with upside to 7.1% Cap and 11 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up-and-coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 4 new ADUs ($250/SF).
  • Price:
  • $2,950,000
  • Bedrooms:
  • 9
  • Square Footage:
  • 7,464
  • Acreage:
  • 0.23
  • Year Built:
  • 1962
  • Listing ID #:
  • 21-787010
  • Street Address:
  • 228 Stepney St
  • City:
  • Inglewood
  • State:
  • California
  • Postal Code:
  • 90302
  • County:
  • Los Angeles
  • Community:
  • North Inglewood
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Number Of Units:
  • 13
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 7464
  • Year Built:
  • 1962
  • Gross Income:
  • 237855
  • Net Operating Income:
  • 171761.00
  • Conforms To Zoning:
  • Inr3yy
  • Lot Square Footage:
  • 10012
  • Days On Market:
  • 30
  • Price Per Square Foot:
  • 395.23
  • Parking Description:
  • Carport, Carport Detached
  • Parking Spaces:
  • 9
  • Equipment:
  • Ceiling Fan
  • Heating:
  • Wall Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Julio Ruiz of Global Platinum Properties
  • CACLAW

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