About the Listing CLW-X82410 - CLW-C137039

Kidder Mathews, as exclusive listing agent, is pleased to present 917Edgewood St, a charming 13-unit apartment community in North Inglewood, just minutes from the world-renowned Hollywood Park development. THE ASSET: Built in 1956, 917 Edgewood Street is a thoughtfully designed 13-unit apartment community situated on an 11,102 square foot lot with 9,875 square feet of building area. The property features a desirable and well-balanced unit mix consisting of (2) two-bed/one-bath units, (9) one-bed/one-bath units, (1) studio, and (1) bachelor. The site provides ample on-site parking with 17 total spaces, including 10 covered garage spaces that may present an opportunity for future ADU conversion (buyer to verify).Edgewood delivers an attractive initial 5.66% cap rate and a low GRM of 10.81, with approximately 13% rental upside achievable through unit turnover and renovation. The building is subject to the City of Inglewood's Housing Protection Ordinance, which allows for a favorable 8% annual rent increase for units with current rents below 80% of HUD Fair Market Rent. THE NEIGHBORHOOD: 917 Edgewood St is ideally positioned within North Inglewood, offering a balanced blend of residential tranquility and walkable urban convenience. The property is located just two blocks from La Brea Plaza, a bustling neighborhood center anchored by a wide array of dining, retail, and service amenities including Starbucks, Popeyes, Subway, Domino's Pizza, Baskin-Robbins, multiple salons, and La Brea Seafood Market. Ralphs supermarket sits directly across from the plaza, providing residents with convenient daily-needs shopping just a 5-minute walk from the property. Residents also enjoys exceptional proximity to some of the most high-profile entertainment venues in the country. Located within 2 miles of SoFi Stadium, the Kia Forum, the Intuit Dome, and Hollywood Park Casino, residents have immediate access to one of the nation's fastest-growing sports and entertainment districts. Over the next several years, this area is set to host many of the world's most celebrated events including the 2028 Summer Olympics, multiple FIFA World Cup matches, the Clippers' inaugural season at the Intuit Dome, ongoing Rams and Chargers games, championship boxing, premium concerts, and major cultural festivals.

Listing Highlights