4001 W 104th St (10327 S Prairie Ave), Inglewood, CA 90304

Overview

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• Address: 4001 W 104th St, Inglewood, CA
• Type: 8-Unit Apartment Building
• Portfolio Status: Part of an 8-building portfolio; can be sold individually or as a package.

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Investment Highlights

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• Current GRM: 9.92
• Current Cap Rate: 6.46%
• Price Per Unit: $181,250
• Price Per Square Foot: $411.93
• Potential Rental Upside: 62% (stabilizing at a 6.12 GRM and 11.99% cap rate)

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This property is uniquely positioned in the Los Angeles real estate market, presenting a lucrative opportunity for savvy investors. With a competitive GRM and cap rate, the 4001 W 104th St apartment building stands out as an excellent choice for those seeking both immediate income and long-term growth potential.

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Unit Mix

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• (1) 2-Bedroom / 1-Bath
• (1) 3-Bedroom / 1-Bath
• (6) Studio / 1-Bath

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This diverse unit mix is ideal for the current rental market, catering to a wide range of tenants from individuals seeking affordable studio apartments to families in need of more spacious accommodations. Such a blend not only helps maximize occupancy rates but also allows for flexibility in rental strategies.

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Location Highlights

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Strategic Positioning

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4001 W 104th St is situated in the vibrant city of Inglewood, a rapidly developing area of Los Angeles County. This prime location places the property directly across from the Intuit Dome, which will be the new home for the Los Angeles Clippers. The ongoing developments surrounding the stadium are set to transform the area, creating a bustling environment filled with amenities.

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Proximity to Major Attractions

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The property is conveniently located near several key attractions:

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• Hollywood Park Casino
• SoFi Stadium, the premier venue for major sports events and concerts
• Various shopping and dining options that enhance the lifestyle of residents

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These attractions not only enhance the appeal of the property but also position it as a desirable place to live, thereby attracting quality tenants and ensuring high occupancy rates.

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Financial Overview

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Current Financials

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4001 W 104th St is designed to deliver strong immediate income. The current cap rate of 6.46% reflects a robust return on investment, making this property a sound choice for investors looking to generate cash flow right away.

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Investment Potential

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With a significant 62% rental upside, investors can expect the property to stabilize at a 6.12 GRM and an 11.99% cap rate. This potential for increased revenue makes the property an excellent candidate for value-add investment strategies, whether through renovations, rent increases, or improved management.

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• Strong Cash Flow: This property provides a reliable stream of income, essential for any serious investor.
• Diverse Unit Mix: Attracts a variety of renters, ensuring high occupancy and low vacancy rates.
• Growth Potential: Positioned in an area undergoing significant transformation, making it ideal for long-term appreciation.

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Invest in your future with 4001 W 104th St—where strong cash flow meets exceptional growth potential in one of Los Angeles' most exciting neighborhoods! This property is not just an investment; it’s a gateway to the dynamic landscape of Inglewood real estate. Whether you're looking to expand your portfolio or make your first investment, this opportunity should not be missed.

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For more information about this investment opportunity, please reach out to Taylor Avakian, founder of The Group CRE and First VP of Lyon Stahl.