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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 5,125,000
$ 5,500,000 6.8%
Est. payment | /mo
16,018 SqFt
$ 5,125,000
$ 5,500,000 6.8%
Est. payment | /mo
16,018 SqFt
Key Details
Sold Price $5,125,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 16,018 sqft
Price per Sqft $319
MLS Listing ID CRSB25140461
Sold Date 09/16/25
HOA Y/N No
Year Built 1958
Lot Size 0.477 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745