720 N Market Inglewood, CA $ 5,700,000
720 N Market
$ 5,700,000
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720 N Market

Inglewood, CA, 90302
$ 5,700,000
Baths1.0 Sq 13,918

Monthly Estimate*

$ 35,096

Listed by Justin White
720 N Market, Inglewood, CA 90302 - Image 1
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Studio

Multi-Family Home for sale in Inglewood, CA

for $5,700,000 with 1 full bath. This 13,918 square foot home was built in 1964 on a lot size of 0.287.

720 N. Market Street in the growing North Inglewood sub market of Los Angeles. This 16-unit multifamily asset represents a compelling opportunity to acquire a fully renovated, turnkey property with strong in-place cash flow and operational stability. This unique property has undergone major capital improvements in recent years, and is a standout in the neighborhood. Renovations include; new solar panels, all 16 units remodeled, 88 windows replaced, electrical panel upgraded, 16 subpanels upgraded, 16 Nest thermostats, Copper re-pipe of entire building, new roof, new HVAC system, security system and gated entry. With approximately $750,000 already invested in this property, new ownership can be confident in their operations and the longevity of the asset. Located within walking distance to the new Metro Purple line, this property is strategically located for both tenants that commute and those that work in Los Angeles and the South Bay. Within a 5 mile radius employers include; LAX Airport, SpceX, Intuit Dome, KIA Forum, SoFi stadium, Northrop Grumman, Kaiser Permanente and multiple hospitals. The location of this asset cannot be overlooked, with major employers nearby and the ongoing development happening in Inglewood, this asset is truly positioned in a growing market now, and in the future. With the upcoming FIFA World Cup and the 2028 Olympic Games, 720 N Market St is located in a market that will likely reach new heights. An investor has the chance to own an already well performing asset, in a growing market, where cash flow is consistent from day one with a high potential of capital growth and increased monthly cash flow with upgraded systems.

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Multi-Family Active

Price

$ 5,700,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.287

Year Built

1964

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

PW26117557

Days on Market

5

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Connected Water Connected
Roof Composition
Appliances Gas Cooktop Microwave Solar Hot Water
HOA Fee 0
Garage Spaces 16
Pool Features None
Security Features Fire Detection System Fire Sprinkler System Security Gate Resident Manager Smoke Detector(s)
Construction Materials Copper Plumbing
Year Built 1964
Tenant Pays All Utilities
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 4800
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 283359
Operating Expense 182451
Insurance Expense 24357
New Construction false
Property Type Residential Income
HOA false
Energy Efficient HVAC
MaintenanceExpense 12000
Facing Direction Southwest
Garage Y/N true
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions From Florance go North on La Brea Ave. Right on E Hyde Park Blvd. Left on to Market St.
City Inglewood
Entry Location West
Senior Community Y/N false
Number Of Units Total 16
MLS Area 101 - North Inglewood
Lot Size Units Square Feet
Lot Size Square Feet 12503
Number of Units Leased 16
Listing Terms 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 14843
Property Condition Turnkey
Trash Expense 4808
Walk Score 90
Water Sewer Expense 13436
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 12
Total Actual Rent 39617
Property Sub Type Additional Apartment
Taxes 73004
Cap Rate 4.97
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Interior
Interior Amenities Balcony Storage Unfurnished
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned Storage
Lot Features 16-20 Units/Acre
Water Source Public
Total Parking 16
Lot Size Area 12503
Foundation Details Slab
Number of Buildings 1
Building Area Total 13918
Lot Size Acres 0.287
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 16
Number of Separate Electric Meters 17
Road Frontage Type City Street
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* Excluded Features
List By
Justin White

Broker

thesbgbp@gmail.com

Email

Affordability Calculator

$35,096
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Monthly Principal & Interest
$35,096
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/31/2026$5,700,000 Listed Price

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720 N Market, Inglewood, CA, 90302 is a Multi-Family Home for sale at $5,700,000 with 13,918 sqft and a lot size of 0.287. 720 N Market is a studio with 1.0 baths and was built in 1964. The property's zip code is 90302 which is in Inglewood, CA