$5,500,000
PENDING

Estimated payment $35,468/month

Total Views 1,541
3 Beds
2 Baths
16,018 Sq Ft
$343 Price per Sq Ft

Highlights

  • 0.48 Acre Lot
  • Laundry Room
  • Bike Trail

About This Home

The Breezeway at Beach presents a rare opportunity to acquire two side-by-side apartment buildings totaling 22 units in the highly desirable Northwest Inglewood submarket. Spanning 16,018 SF of rentable space on a large 20,796 SF lot, this well-located asset offers strong in-place income with additional rental upside.

The unit mix consists of (6) 2-bedroom, 1-bath units and (16) 1-bedroom, 1-bath units—appealing to a broad tenant base. The property includes 22 total parking spaces and benefits from a clean, functional layout across both buildings.
With a current 5.31% CAP rate, pricing at $250,000 per unit and $343/SF, and a projected 6.41% market CAP, this asset provides approximately 13% rental upside for investors looking to capture growth in a high-demand rental corridor.
Ideally located in a quiet residential pocket of Northwest Inglewood, the property is just blocks from major retail and dining near Centinela Avenue and La Cienega Boulevard, offering tenants both convenience and neighborhood charm.
837-839 W Beach Avenue is an ideal opportunity for investors seeking scale, stability, and upside in one of the South Bay’s most promising multifamily markets.

Listing Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 06/24/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 22 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 16,018 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 124
  • Tax Tract Number 1
  • Assessor Parcel Number 4017013032
  • $5,261 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 22 Leased Units
  • Rent Control
  • 22 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,800
  • Insurance Expense $24,027
  • Maintenance Expense $19,207
  • Other Expense $18,700
  • Professional Management Expense $27,192
  • New Taxes Expense $73,427
  • Operating Expense $164,353
  • Gross Income $480,180
  • Net Operating Income $291,818

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 5.31
  • Price Per Unit: 250000
  • Professional Management Expense: 27192.00
  • Property Attached: Yes
  • Zoning: INR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 4017013032
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Gate
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 343.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 22.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size: 20796
  • Lot Size Sq Ft: 20796.00
  • Lot Size Acres: 0.4774

Multi Family

  • Gross Income: 480180.00
  • Gross Multiplier: 11.45
  • Gross Operating Income: 456171.00
  • Gross Scheduled Income: 480180.00
  • Insurance Expense: 24027.00
  • Lot Size Area: 20796.0000 Square Feet
  • Maintenance Expense: 19207.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 291818.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 22
  • Number Of Units Total: 22
  • Operating Expense: 164353.00
  • Operating Expense Percent: 34.00
  • Other Expense: 18700.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 39791.00
  • Total Expenses: 164353.00
  • Vacancy Allowance: 24009
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 73427.00
  • Tax Census Tract: 6013.03
  • Tax Lot: 124
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 5261.00

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
07/23/2025 07/23/25 Pending -- -- --
06/24/2025 06/24/25 For Sale $5,500,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25140461

California Regional Multiple Listing Service (CRMLS)