911 E La Palma Dr, Inglewood, CA 90301

Property Overview

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911 E La Palma Dr is a fully occupied ten-unit multifamily property in Inglewood, located less than a mile from SoFi Stadium and offered at $2,250,000. The property is stabilized and upgraded throughout. It sits in a submarket that has absorbed more than $6 billion in stadium and arena construction over the past decade, where turnkey, income-producing product at this basis is increasingly difficult to source.

The property has ten one-bedroom, one-bath units averaging 470 SF. All ten are leased at an average rent of $1,832 per month against a $1,975 market rent. That 7.80% gap gives the incoming owner room for organic growth without the investment depending on it.

The property also has 10 on-site parking spaces, an established RUBS program, and expenses of 31.45% of EGI at pro forma. It is subject to the Inglewood Housing Protection Ordinance. Together, these make 911 E La Palma Dr a day-one cash flow asset with no capital program required.

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Key Property Details

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• Price: $2,250,000
• Units: 10
• Unit Mix: (10) 1 Bed / 1 Bath
• Avg Unit Size: 470 SF
• Zoning: R-3
• Occupancy: 100%‍
• Parking: 10 on-site spaces‍
• Rent Regulation: Inglewood Housing Protection Ordinance

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Investment Highlights

• 100% occupied, with income from day one. The property generates $219,854 in scheduled gross rent and $148,193 in current NOI, a 6.59% cap rate on in-place income. There is no lease-up period and no vacancy to absorb.
• Upgraded throughout, with no deferred maintenance. Every unit has been upgraded. The pro forma carries no capital line beyond a standard $250-per-unit reserve.
• Built-in upside at market rents. At the $1,975 market rent, NOI grows 10.81% to $164,214, a 7.30% cap rate on the same basis. Unit H, leased at $1,725, carries 14.49% upside to market.
• Lean operating profile with RUBS in place. Operating costs excluding real estate taxes run $4,652 per unit. RUBS recovers $6,867 annually, and owner-paid electric and gas total just $1,400 per year.

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Neighborhood and Accessibility

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Inglewood sits at the center of Los Angeles’ sports and entertainment economy, with SoFi Stadium, Intuit Dome, and the Kia Forum all within about a mile of the property. Hollywood Park is the roughly 300-acre development surrounding SoFi. It adds retail, office, housing, and the YouTube Theater, and the district hosted eight 2026 World Cup matches. The employment base continues to deepen, with NFL Network and ESPN’s Los Angeles studios now operating from Hollywood Park and Hollywood Park Studios under construction.

The immediate block carries a Walk Score of 85, with Downtown Inglewood’s Market Street, Kelso Elementary, and Queen Park nearby. Metro Local Line 111 stops 0.2 miles from the property. The Metro K Line’s Downtown Inglewood station is about a mile away, connecting to the Crenshaw corridor and the LAX/Metro Transit Center. LAX is roughly 3.5 miles west, with I-405 access nearby.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl