327 Stepney Street, Inglewood, CA 90302
Local realty services provided by:ERA North Orange County Real Estate
327 Stepney Street,Inglewood, CA 90302
$4,750,000
- - Beds
- - Baths
- 15,698 sq. ft.
- Multi-family
- Active
Listed by:brett lyon
Office:lyon stahl investment real estate, inc.
MLS#:SB25175206
Source:CRMLS
Price summary
- Price:$4,750,000
- Price per sq. ft.:$302.59
About this home
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.
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Home facts
- Year built:1960
- Listing ID #:SB25175206
- Added:51 day(s) ago
- Updated:September 21, 2025 at 01:19 PM
Rooms and interior
- Living area:15,698 sq. ft.
Structure and exterior
- Year built:1960
- Building area:15,698 sq. ft.
- Lot area:0.46 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,750,000
- Price per sq. ft.:$302.59
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