$3,800,000

517 Evergreen St Inglewood, CA 90302

North Inglewood Neighborhood

Estimated payment $24,345/month

Total Views 1,370
4 Beds
5 Baths
12,088 Sq Ft
$314 Price per Sq Ft

Highlights

  • In Ground Pool
  • Laundry Room
  • Radiant Heating System
  • 0.34 Acre Lot

About This Home

Marcus & Millichap is pleased to present to market 517 Evergreen Street, a 13-unit apartment building in Inglewood, California. This offering presents a great opportunity for an investor to acquire an asset with a strong unit mix, great Centinela Heights location, and potential to add value by developing three ADU’s (buyer to verify) and capturing 20 percent upside in current rents.

517 Evergreen Street is a 1962 construction with a desirable mix of one studio, one standard one-bed/one-bath unit, six oversized one-bed/one-bath units with dens, and five two-bedroom/two-bath units. An investor could potentially develop two studio ADU’s and one one-bed/one-bath ADU (buyer to verify). The property boasts an amenities package that includes a pool, on-site laundry, ample covered parking, controlled access, and attractive landscaping.

This asset is located in Inglewood’s desirable Centinela Heights neighborhood near the intersection of Centinela Avenue and La Cienega Boulevard. Tenants enjoy easy walking distance to a Smart & Final Grocery Store and convenient proximity to numerous retailers, including Ralphs, Bath & Body Works, Chipotle, Yogurtland, Ross Dress for Less, Panda Express, Chick-Fil-A, CVS, Marshalls, and many others. Furthermore, the 405 Freeway is just a mile away, making this an excellent rental option for commuters.

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • No Common Walls

Parking

  • 13 Car Garage

Interior Spaces

  • 12,088 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Additional Features

  • In Ground Pool
  • Suburban Location
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 206
  • Tax Tract Number 652
  • Assessor Parcel Number 4017002037
  • $3,016 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters

Additional Features

  • 13 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

13

Listing Details

  • CapRate: 5.02
  • Price Per Unit: 292308
  • Property Attached: No
  • Zoning: INR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4017002037
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 314.36

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 13.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15015.00
  • Lot Size Acres: 0.3447

Multi Family

  • Garage Income: 360.00
  • Lot Size Area: 15015.0000 Square Feet
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Units Total: 13
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 6013.02
  • Tax Lot: 206
  • Tax Tract Number: 652
  • TaxOtherAnnualAssessmentAmount: 3016.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $3,800,000 +45.2% $314 / Sq Ft
08/29/2016 08/29/16 Sold $2,616,300 +0.6% $222 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $2,600,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25175239

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Inglewood 90302 North Inglewood

517 Evergreen St, Inglewood, CA

This home is located at 517 Evergreen St, Inglewood, CA 90302 and is currently priced at $3,800,000, approximately $314 per square foot. This property was built in 1962. 517 Evergreen St is a home located in Los Angeles County with nearby schools including Parent (Frank D.) Elementary School, Inglewood High School, and La Tijera K-8 Charter School Academy of Excellence.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Steve Bogoyevac
Section Image
Steven M. Bogoyevac, Broker
(424) 476-1085