Inglewood, CA 90302 — 12 two-bedroom units on a corner lot in North Inglewood, five minutes from SoFi Stadium and the Kia Forum. A 12-unit multifamily investment with rental upside & ADU potential: a portion of the 24-space parking court may convert to accessory dwelling units, subject to City of Inglewood approval.
A well-maintained 1985-construction building on a corner lot in the growing North Inglewood submarket — consistent two-bedroom floorplans, roughly $150,000 in recent owner-reported improvements, and clear rent upside at lease turn — plus ADU development potential in the parking court, detailed in its own section below.
As presented in the listing flyer and the broker’s LinkedIn announcement for this property: a second path to value, on top of the rental upside in the existing 12 units.
The property’s 24 parking spaces offer an opportunity to explore converting a portion of the existing parking area into Accessory Dwelling Units (ADUs), potentially retaining one parking space per existing apartment.
Feasibility, unit count, and development are subject to City of Inglewood approval, applicable regulations, and buyer verification. No ADU entitlement, permit or unit count is represented or guaranteed.
The complete financial picture for 501 Hyde Park Place, presented in full — across the entire width of the page. First, the annualized operating statement from the offering memorandum, shown in place today and at market rents of $2,600 per unit, with the investment and financing summary. The unit-by-unit rent roll follows after it, as its own complete table.
Income, operating expenses and net operating income in one complete statement — every line from the offering memorandum, at current rents and at market rents side by side, so the in-place return and the pro forma return can be read at a glance.
| Operating Statement | Current — Annual | Current — $ / Unit | Market — Annual | Market — $ / Unit |
|---|---|---|---|---|
| Income | ||||
| Scheduled Rental Income | $318,600 | $26,550 | $374,400 | $31,200 |
| Other Income — Late Charges & RUBS | $16,740 | $1,395 | $16,740 | $1,395 |
| Other Income — Laundry | $9,600 | $800 | $9,600 | $800 |
| Other Income — Parking & Card Fees | $1,320 | $110 | $1,320 | $110 |
| Scheduled Gross Income | $346,259 | $28,855 | $402,060 | $33,505 |
| Less Vacancy Reserve (3%) | ($10,388) | ($866) | ($12,062) | ($1,005) |
| Gross Operating Income | $335,871 | $27,989 | $389,998 | $32,500 |
| Operating Expenses | ||||
| Property Tax (1.33%) | $60,116 | $5,010 | $60,116 | $5,010 |
| Utilities & Rubbish | $16,739 | $1,395 | $16,739 | $1,395 |
| Offsite Management (4%) | $12,000 | $1,000 | $12,000 | $1,000 |
| Insurance | $9,000 | $750 | $9,000 | $750 |
| Maintenance & Repair | $6,000 | $500 | $6,000 | $500 |
| Landscape & Pest Control | $3,000 | $250 | $3,000 | $250 |
| Misc. & Reserves | $3,000 | $250 | $3,000 | $250 |
| Total Operating Expenses | ($109,855) | ($9,155) | ($109,855) | ($9,155) |
| Net Operating Income | $226,016 | $18,835 | $280,143 | $23,345 |
| Financing & Returns | ||||
| Less Annual Debt Service | ($174,101) | ($14,508) | ($174,101) | ($14,508) |
| Pre-Tax Cash Flow | $51,915 | $4,326 | $106,042 | $8,837 |
| Plus Principal Reduction | $24,550 | $2,046 | $24,550 | $2,046 |
| Total Return Before Taxes | $76,465 | $6,372 | $130,593 | $10,883 |
The offering price, per-unit and per-square-foot metrics, cap rates and gross rent multipliers, alongside the financing terms used in the statement above — in one full-width table.
| Investment Summary | Financing Summary | ||
|---|---|---|---|
| Offering Price | $4,520,000 | Loan Amount | $2,260,000 |
| Price per Unit | $376,667 | Interest Rate | 6.650% |
| Price per SF | $409.42 | Loan Term | 30 Years |
| Cap Rate — Current / Market | 5.00% / 6.20% | Monthly Payment | $14,508 |
| GRM — Current / Market | 13.05 / 11.24 | Annual Debt Service | $174,101 |
| Net Operating Income — Current / Market | $226,016 / $280,143 | Debt Coverage Ratio | 1.30 |
The rent roll comes after the financials, as its own complete table: every unit at its current rent, the $2,600 market rent, and the monthly upside on each line. Together, the twelve units carry $4,650 a month — $55,801 a year — of embedded rental upside at full market rents.
| Unit | Type | Current Rent / Mo | Market Rent / Mo | Monthly Upside |
|---|---|---|---|---|
| 1 | 2 Bed + 1 Bath | $2,260.80 | $2,600.00 | +$339.20 |
| 2 | 2 Bed + 1 Bath | $2,349.10 | $2,600.00 | +$250.90 |
| 3 | 2 Bed + 1 Bath | $2,035.50 | $2,600.00 | +$564.50 |
| 4 | 2 Bed + 1 Bath | $2,495.00 | $2,600.00 | +$105.00 |
| 5 | 2 Bed + 1 Bath | $2,295.00 | $2,600.00 | +$305.00 |
| 6 | 2 Bed + 1 Bath | $2,086.70 | $2,600.00 | +$513.30 |
| 7 | 2 Bed + 1 Bath | $2,046.70 | $2,600.00 | +$553.30 |
| 8 | 2 Bed + 1 Bath | $2,495.00 | $2,600.00 | +$105.00 |
| 9 | 2 Bed + 1 Bath | $2,060.30 | $2,600.00 | +$539.70 |
| 10 | 2 Bed + 1 Bath | $2,113.60 | $2,600.00 | +$486.40 |
| 11 | 2 Bed + 1 Bath | $2,080.40 | $2,600.00 | +$519.60 |
| 12 | 2 Bed + 1 Bath | $2,231.80 | $2,600.00 | +$368.20 |
| Monthly Totals — 12 Units | All 2 Bed + 1 Bath | $26,550 | $31,200 | +$4,650 |
annual rental upside at full market rents
increase over current scheduled gross income
of embedded rent upside across the 12 units
All figures are annualized estimates from the offering memorandum. Scheduled gross income includes $2,305 per month of additional income (late charges & RUBS $1,395, laundry $800, parking & card fees $110), itemized in the operating statement above. Market rent of $2,600 per unit is supported by the Rent Comparables section directly below. Prospective purchasers should independently verify all information.
Placed here — directly after the operating statement and the rent roll — because this is the evidence behind the numbers. Five comparable 2 Bed + 1 Bath rentals in Inglewood support the $2,600 market rent used in the pro forma above.
| # Property | Year Built | Unit Type | Size (SF) | Rent / Mo | Rent / SF |
|---|---|---|---|---|---|
| 1404 E Hyde Park Blvd, Inglewood | 1964 | 2 Bed + 1 Bath | 627 | $2,495 | $3.98 |
| 2320 Stepney St, Inglewood | 1923 | 2 Bed + 1 Bath | 900 | $2,295 | $2.55 |
| 3343 Warren Ln, Inglewood | 1960 | 2 Bed + 1 Bath | 706 | $2,595 | $3.68 |
| 4812 E Hyde Park Blvd, Inglewood | 1991 | 2 Bed + 1 Bath | 870 | $2,295 | $2.64 |
| 5700 W Beach Ave, Inglewood | 1954 | 2 Bed + 1 Bath | 784 | $2,950 | $3.76 |
| Comparable Averages — 5 Properties | 1958 | 2 Bed + 1 Bath | 777 | $2,526 | $3.32 |
| ★501 Hyde Park Pl — Subject (Market Rent) | 1985 | 2 Bed + 1 Bath | ~920 | $2,600 | $2.83 |
Source: rent comparables in the offering memorandum for 501 Hyde Park Place. Numbers in the table match the numbered pins on the map below. Subject rent shown is the market (pro forma) rent per unit; the in-place average scheduled rent is lower — that gap is the $55,801 annual upside shown in the rent roll above.
Average monthly rent across the five Inglewood comparables.
What comparable 2-bedrooms achieve per square foot in this submarket.
At $2.83 per SF, the subject’s market rent sits about 15% below the comparable average per SF — a conservative, well-supported figure.
Conclusion: the $2,600 market rent in the operating statement is supported by the comparables — and on a per-square-foot basis it is priced below what nearby 2-bedrooms already achieve, leaving the upside story intact at lease turn.
Tap any photo to view it full size.
No other neighborhood in Los Angeles packs four major venues into a single square mile. Hyde Park Place sits in North Inglewood, minutes from the Hollywood Park entertainment district that has transformed the city — and from the everyday parks, schools and dining that make residents stay. Here is the city around the property.
Home of the Los Angeles Rams and Chargers under a sweeping canopy at Hollywood Park — host of the Super Bowl, eight FIFA World Cup 2026 matches, and the Opening and Closing Ceremonies of the 2028 Olympics.
The circular, column-ringed former home of the Lakers on Manchester Blvd — reinvented as a 17,500-seat concert arena and one of the most storied music rooms in America.
The Los Angeles Clippers' own home on Century Blvd, opened for the 2024–25 season across from Hollywood Park — and a basketball venue for the 2028 Olympics. Photo from the offering memorandum.
A 6,000-seat theater tucked beneath SoFi Stadium's canopy — concerts, comedy and award shows in an intimate room steps from the stadium floor.
The 298-acre district growing around the stadium — Cinépolis IMAX, shops and restaurants, offices, new residences and lake parkland, still building out.
The giant donut over Manchester Blvd at La Cienega — Inglewood's most famous landmark and a 24-hour drive-through that has starred in countless films.
The city's historic main street: the Fox Theatre tower, local shops and dining, the Miracle Theatre's live music, and a city improvement program investing in the corridor — anchored by the Downtown Inglewood K Line station.
Inglewood's flagship park on Florence Ave — broad lawns, sports fields, a swimming pool and year-round community events, from movie nights to swim programs.
Your own corner in North Inglewood — a quiet residential street at Hyde Park Blvd and Centinela Ave, with Rogers Park a short walk away and everything above within minutes.
The region's global gateway and one of its largest employment centers, with the airlines, cargo and hospitality jobs that keep Inglewood's rental demand deep.
LMU's bluff-top campus above Playa Vista in Westchester — a major private university and employer, drawing students and staff to the west side of Inglewood.
The community college campus in Culver City, minutes north — part of the education and employment corridor the memorandum highlights along the 405.
The pier, the Roundhouse Aquarium and the South Bay's beach-town dining scene — the coast is a short drive southwest of Inglewood.
Pacific Park's ferris wheel at the end of Route 66 — the classic Los Angeles beach day, up the coast from Inglewood.
The skyline, the jobs and the dining — an easy freeway run northeast, one of the commutes the offering memorandum highlights for this location, alongside Culver City, Century City, Playa Vista and Beverly Hills.
From the offering memorandum, in full.
Inglewood, California, situated in the Los Angeles metropolitan area, presents a dynamic and evolving market landscape. Historically known for its cultural diversity and vibrant communities, Inglewood has experienced significant revitalization efforts in recent years, fueled in part by the development of SoFi Stadium, home to the NFL's Los Angeles Rams and Los Angeles Chargers. This massive project has not only brought attention to the area but has also catalyzed a surge in commercial and residential investments.
The real estate market reflects this transformation, with property values on the rise and an influx of new residents seeking the city's convenient location and promising amenities. Moreover, Inglewood's strategic position near major transportation hubs and its proximity to both downtown Los Angeles and the coastline make it an attractive destination for businesses and residents alike. With ongoing infrastructure improvements and a burgeoning cultural scene, Inglewood continues to solidify its position as a prime location for investment and growth in Southern California.
A city of more than 100,000 residents in nine square miles — with a median home value near $800,000 and the stadium district still compounding around it.
City of Inglewood residents, U.S. Census Bureau estimate, July 1, 2025.
Citywide median, 2020–2024 ACS. Within five miles of the property, the OM puts average household income at $113,160.
Median value of owner-occupied housing units in Inglewood, 2020–2024.
Households citywide, 2020–2024 — an average of 2.74 persons per household.
Population density at the 2020 Census — a built-out, urban renter base.
SoFi Stadium, Kia Forum, Intuit Dome and YouTube Theater — over 100,000 seats within about a mile of each other.
City figures: U.S. Census Bureau QuickFacts for Inglewood city, California (population estimate July 1, 2025; income, households and home value from the 2020–2024 American Community Survey). Submarket figures: the offering memorandum for this property.
Inglewood's revitalization — anchored by SoFi Stadium and the Kia Forum — continues to draw residents and investment to the blocks around Hyde Park Place, minutes from LAX and the 405.
Presented the way buyers read it in an offering memorandum: an aerial view centred on North Inglewood, with 501 Hyde Park Place as the brass SUBJECT PROPERTY star at the centre and the stadiums, venues, colleges and big-box stores around it shown as pins — the real Costco, Walmart, Target, Starbucks, Ralphs, SoFi, Kia Forum, Intuit Dome, YouTube Theater and LAX marks. Tap any pin, or a name in the legend, and that place’s logo box opens on the map — one at a time, so the property star always stays in view. Tap the map itself to close it.
Interactive map unavailable in this browser. Every location is listed with its distance in the legend — the property at 501 Hyde Park Place, the stadiums and venues of Hollywood Park, LAX, both colleges, and the nearest Costco, Walmart, Target, Starbucks and Ralphs.
The Property
Stadiums, Venues & Landmarks
Colleges & Universities
Big-Box & Everyday Shopping
Distances are approximate road distances from 501 Hyde Park Place. Stadium, airport and college distances match the figures used throughout this page and in the offering memorandum; the stores shown are the nearest locations of each chain to the property.
Every amenity plotted on the memorandum's area map, listed by category — the daily life within a short walk or drive of Hyde Park Place.
Fiesta Martin Mexican Grill · Tottino's Pizza · Pann's Restaurant · The Court Café · Puerto Nuevo Coffee & Tacos · Red's Flavor Table Takeout · House of Taco · Carnitas El Artista · Starbucks · Tortuga Bay · El Rinconcito Monarcas · Soul Food Shack · Little Belize Restaurant · Astro Burgers · Chipotle Mexican Grill · StormBurger · Orleans & York Deli · Betty Market & Restaurant · Vikki Restaurant Co. · Charly's Restaurant
CVS Pharmacy · Ralphs · Walgreens · Smart & Final · Inglewood Marketplace · Target · Amazon Fresh
SoFi Stadium · The Forum (Kia Forum) — plus Rogers Park, shown on the rent comparables map in the Rent Comparables section above
Best Western Airport Plaza Inn · Days Inn by Wyndham · Hilton Los Angeles Culver City
Centinela Animal Hospital · Los Angeles County Fire Dept. Station · Inglewood Urgent Care
Centinela Elementary School · Wilder's Preparatory Academy Charter · St Mary's Academy · Downtown Inglewood Light Rail Station (Metro K Line)
The questions buyers ask first about 501 Hyde Park Place — answered from the offering memorandum.
The offering price is $4,520,000 — $409.42 per square foot for the 11,040 SF building. Full pricing, financing and return figures are in the Financials section above and in the downloadable offering memorandum.
12 units, all 2 Bed + 1 Bath floorplans averaging about 920 SF, in a single three-story building built in 1985 on a 0.27-acre corner lot.
The in-place cap rate is 5.00% on a current NOI of $226,016. At market rents of $2,600 per unit, the market cap rate is 6.20% on a pro forma NOI of $280,143 — $55,801 a year of embedded rental upside.
The property is zoned INR3 (Inglewood multifamily residential). APN 4014-027-020.
24 gated, on-grade parking spaces — two spaces per unit — behind the entry gate on the corner lot.
Yes. The property’s 24 parking spaces offer an opportunity to explore converting a portion of the existing parking area into Accessory Dwelling Units (ADUs), potentially retaining one parking space per existing apartment. Feasibility, unit count, and development are subject to City of Inglewood approval, applicable regulations, and buyer verification. See the ADU Development Potential section above.
Built in 1985. The current owner reports roughly $150,000 of improvements, including comprehensive renovations of Units 4 and 5, updated kitchens and baths across several units, a rebuilt laundry room, and a completed SB 721 balcony inspection.
501 Hyde Park Place sits on a corner lot in North Inglewood, about five minutes (2.3 mi) from SoFi Stadium and the Kia Forum, and roughly twelve minutes (3.7 mi) from LAX. The pinned location map in the Location section above shows the property and everything around it.
Tours are by appointment through the listing broker, Avi Narang of BRC Advisors - BH — contact details are in the section below. The complete offering memorandum can be downloaded directly from this page, with no request needed.
The complete offering memorandum — including the property’s ADU development potential, full financials, rent roll, comparables and property documentation — is available to download directly below, with no request needed. Contact the listing broker for disclosures or to schedule a tour.
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