308 Stepney Street, Inglewood, CA 90302

Inglewood
Local realty services provided by:ERA Excel Realty
308 Stepney Street,Inglewood, CA 90302
$1,925,000
  • - Beds
  • - Baths
  • 8,571 sq. ft.
  • Multi-family
  • Active
Listed by: woody stahl, brett lyon
Office: lyon stahl investment real est310-425-9838
MLS#:PW26232823
Source:CRMLS

Price summary

  • Price:$1,925,000
  • Price per sq. ft.:$224.59

About this home

308 Stepney Street presents an attractive eight-unit multifamily investment opportunity in a desirable pocket of North Inglewood. Offered at $1,925,000, the property features a strong in-place 6.45% CAP rate and 9.31 GRM, with projected market rents supporting a pro forma 8.21% CAP rate and 7.94 GRM. The unit mix consists of one 4-bedroom/2-bath unit, three 2-bedroom/1-bath unit, two 2-bedroom/2-bath units, and two 1-bedroom/1-bath units, providing a desirable combination of spacious floor plans. Built in 1966, the property consists of 8,571 square feet of improvements situated on a 9,997-square-foot lot. The building offers ample on-site parking with 14 total spaces, including ten covered spaces, two driveway spaces, and two-car garage. Current rental rates are approximately 17% below projected market rents, providing new ownership with an opportunity to increase income over time through rent growth and potential unit improvements. Ideally located in North Inglewood, the...

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Home facts

  • Year built:1966
  • Listing ID #:PW26232823
  • Added:11 day(s) ago
  • Updated:November 15, 2026 at 12:07 PM

Rooms and interior

  • Living area:8,571 sq. ft.

Structure and exterior

  • Year built:1966
  • Building area:8,571 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,925,000
  • Price per sq. ft.:$224.59

Parking

  • Total parking spaces:14
  • Parking description:10 Carport Space(s)
  • Garage:Yes
  • Garage spaces:2
  • Carport spaces:10
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