327 Stepney Street
Inglewood, CA, 90302
$4,750,000
Beds
0 Baths
SqFt
0.46 Acres
Add
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 Details

Price:
$4,750,000
MLS #:
SB25175206
Status:
Active
Baths:
0
Address:
327 Stepney Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Aug 4, 2025
State:
CA
ZIP:
90302
Lot Size:
20,013 sqft / 0.46 acres (approx)
Year Built:
1960
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Laundry Features
Community

Exterior

Community Features
Biking
Parking Features
Carport
Parking Spots
0.00

Financial

Map

Community

Similar Listings Nearby

327 Stepney Street
Inglewood, CA