#PW25041446, Sarah Martin, Listing Office: Real Broker
#SB25011648·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Cameron Samimi·
Listing Office Phone: 310-259-7556
$2,550,000 List price
818 Myrtle Ave Unit 1 Inglewood, CA 90301
0.4 acres
Condo
Property details
About 818 Myrtle Ave Unit 1
6.24% Cap Rate and 10.89 GRM on massive 19,250 sqft lot zoned R3 with current in place cash flow. A new buyer can develop 18 units by right or 27 units with 50% density bonus allowed through the city. Perfect asset to land bank for future development while achieving great in place cash flow. Property can achieve 60% rental upside by easily adding 3 ADUs. Offered at $132/ft for land and just $231k/unit. Incredible value here for any investor. 816 Myrtle is just two blocks away from So-Fi Stadium, The Forum & NEW Intuit Dome! 11 bungalow style units situated on a 19,250 sqft lot! The property is currently operating at a 6.24% cap rate and 10.89 GRM with 60% upside available once the ADUs are built. Each unit is separately metered for gas and electric. T he subject property is located only minutes away from Sofi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments. OM in supplements.
Highlights
Home typeCondominium
StatusActive
Lot size0.4419 Acres
Year built1937
MLS #SB25011648
Garage4 spaces
Summary
- MLS Number: SB25011648
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 259-7556
- Listing Agent: Cameron Samimi
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,550,000
818 Myrtle Ave Unit 1
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Kelso Elementary School
Public District KG-6
0.3 mi
•809 E Kelso St
6
Icef Inglewood Elementary Charter Academy
Public Charter KG-5
0.5 mi
•434 S Grevillea Ave
3
Beulah Payne Elementary School
Public District KG-6
0.5 mi
•215 W 94th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,460. Most Inglewood, CA residents have annual incomes less than $<35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
44%
<35k
42%
35k-100k
11%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
52%
Single, No Kids
23%
Single, with Kids
9%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
White Castle
Jack In The Box
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$6,223 Closing Credit¹
#PW25024277, Traci Hyde, Listing Office: Lamont Hyde Real Estate
$4,631 Closing Credit¹
#IN24137958, Noe Blanco, Listing Office: RE/MAX Alliance Group
Backup offers
$7,066 Closing Credit¹
#AR24227373, Tony Wang, Listing Office: Berkshire Hathaway HomeServices California Properties
Frequently asked questions
About 818 Myrtle Ave Unit 1
This home is located at 818 Myrtle Ave Unit 1 in Inglewood, CA and zip code 90301 in the South Bay neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $2,550,000.
In February 2025, from all listings sold in Inglewood, CA there were more than 3 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price. The number of listings in Inglewood, CA increased by 2.5% between January and February 2025. In February 2025 median list price was $755,000 and the average listing age was 54 days.
From Rocket Homes Real Estate and based on county public records data.