523 E Hazel Street, Inglewood, California 90302, Inglewood, 90302 - bed, bath

523 E Hazel Street
Inglewood, California 90302
Property Price
SUMMARY
Analysis of 523 E Hazel Street, Inglewood, California 90302 is currently available with a list price of $2,595,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Inglewood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1960, this multi-unit property shows signs of regular upkeep and some cosmetic updates, such as the light-colored laminate flooring visible in the living areas. However, key components like the heating system (wall-mounted heaters) and the fireplace with its large, brown tiles are significantly outdated, indicating a lack of comprehensive modern renovation. The absence of kitchen and bathroom images suggests these areas are likely also dated and would require updates to meet current tenant expectations. The property is functional and habitable, but major systems and aesthetics show their age, aligning with the 'Fair' condition criteria of being aged but maintained, with functional but outdated major components requiring minor to moderate updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Market Growth
Situated in Northwest Inglewood, an active and improving rental market, and only 2.5 miles from major attractions like SoFi Stadium and the Intuit Dome, indicating strong tenant demand and long-term appreciation potential.
- Diverse & Balanced Unit Mix
Features a well-balanced mix of 1, 2, and 3-bedroom units, appealing to a broad range of renters (families and individuals) and ensuring consistent occupancy.
- Attractive In-Place Cash Flow
Offers solid in-place cash flow with an attractive entry CAP rate of 5.71%, providing immediate returns for investors.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1960, the property is over 60 years old, which may imply potential for deferred maintenance, aging infrastructure, or the need for future capital expenditures for renovations or system upgrades.
- Unknown Unit Condition/Renovation Needs
The description does not specify recent renovations or upgrades to individual units, suggesting potential for varying unit conditions and future renovation costs to achieve the projected rental upside.
- Limited Information on Amenities/Parking
The property description lacks details on tenant amenities such as dedicated parking, laundry facilities, or common areas, which could be a competitive disadvantage or require future investment.
About 523 E Hazel Street
523 Hazel Street offers a compelling opportunity to acquire a 10-unit apartment building in Northwest Inglewood, one of LA’s most active and improving rental markets. Situated on a 10,016 SF lot, the property features 8,535 rentable square feet and a well-balanced unit mix that appeals to both families and individual renters. The mix includes (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, and (5) 1-Bed/1-Bath units, offering a strong balance of spacious layouts and efficient floor plans. With an attractive entry CAP rate of 5.71%, pricing at $259,500 per unit and just $304.40 per square foot, the asset provides solid in-place cash flow with room to grow. Investors can target approximately 10% rental upside, supporting a projected market CAP rate of 6.60%. Located only 2.5 Miles from SoFi Stadium and the Intuit Dome and surrounded by quiet residential blocks, the property is ideally positioned within a neighborhood seeing sustained tenant demand and long-term appreciation. With its desirable location, healthy returns, and proven upside, 523 Hazel Street represents a strong multifamily investment in the path of continued growth.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1960
- Lot Size
- 10,016 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Inglewood Unified Schools
Centinela Elementary School
Grades K-6 • 0.3 mi
Highland Elementary School
Grades K-6 • 0.8 mi
Hudnall (Claude) Elementary School
Grades K-6 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 8,525 | 8,525 | 50% |
| Lot Size | 10,016 | 12,513 | 33% |
| Price | $2.60M | $2.60M | 50% |
| Price per sq ft | $304 | $304 | 50% |
| Built year | 1960 | 1958 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 214 | 67% |
Pricing History
Listed for Sale
Aug 4, 2025
$2,595,000
Initial Listing





















